Mr Green: First comment Q2, improved marketing leads to better than expected profitability

Research Note

2017-07-21

13:25

Mr Green released their report for the second quarter of 2017 this morning. As expected, the positive sales growth momentum continued during the period. The company produced an EBITDA margin of 18.2%, close to their mid-term financial goal of 20%. The reported margin was above our forecast of 14%. Overall the report was strong and shows that the strategic action initiated during 2016 is indeed working out well.

KL

Kristoffer Lindström

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