Nordic Leisure: First comment on Q1
Research Note
2018-05-02
13:12
Both sales and EBITDA came in lower than expected, mainly explained by the sportsbook, which did not deliver in line with our expectations. EBITDA was negatively affected by one-offs related to the staff who left the company in connection with the restructuring of the organization (EUR 0.12m). Also, a jackpot of EUR 0.2m was paid during the quarter. The underlying EBITDA margin came in at 35%, which we see as positive.
JS
Johan Svantesson
Disclosures and disclaimers