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

Sign up for free to continue

Already a member?

Sign in

Disclosures and disclaimers

Premium Plan required to unlock

Unlock companies to access

more high quality research.