MRG: Q2 first comment, continued growth momentum

Research Note

2018-07-20

11:07

MRG’s reported net sales in line with our projections and a slightly higher EBITDA during the second quarter of 2018. The company continued to experience a strong growth momentum and had an organic uptake of 31% during Q2. The customer deposits increased by a whopping 64% compared to last year and 15% from the previous quarter, indication a continued revenue ramp-up. MRG continues to deliver on our high expectations and has many exciting new ventures in their roadmap. Overall we do not expect to make any significant changes to our projections in the coming research update.

KL

Kristoffer Lindström

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