Mr Green: First comment Q4, beating our estimates

Research Note

2018-02-09

14:14

Today Mr Green released the results for the fourth quarter of 2017. The reported figures were stronger than our estimates on every level. The primary driver of the outperformance was stronger than expected revenue uptake in Western Europe, primarily driven by the improved product offering and continued improved digital marketing. We will likely adjust our revenue forecast upwards slightly following the report but with no material impact on the valuation.

KL

Kristoffer Lindström

Disclosures and disclaimers

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