203 Web Group: First comment on Q1, downloads remain strong

Research Note

2016-05-27

14:49

The turn-over and result were more or less in line with our estimates. For the first quarter of 2016 203 Web Group reported net sales of SEK 12.5m with and EBITDA at break-even. For now we find the short-term financial development of less importance, the key takeaway from the report was that the download rate of the app remains at a high pace and that the app user base continues to grow significantly.

KL

Kristoffer Lindström

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