Mr Green: First comment Q1, strong growth from organic development

Research Note

2018-04-27

11:54

This morning Mr Green released their report for the first quarter of 2018. The company reported stronger revenue than we had projected but with a little weaker profitability. However, adjusted for non-recurring effects, the profit deviance was minor. Deposits and customers continue to show steady increases, this in combination with the organic uptake of 25% during the quarters makes us confident that the growth trajectory will continue. Overall we do not expect to make any substantial adjustments to our estimates or valuation in the coming research update.

KL

Kristoffer Lindström

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