Stillfront Group: Comment on preliminary figures for Q3, in line with estimates
Research Note
2018-11-05
13:04
Today Stillfront Group released preliminary financial information for the third quarter of 2018, the revenue came in at SEK 315m, and the EBITDA amounted to SEK 120m. As a whole, the figures are in line with our projections. On a proforma basis, the revenue grew by 25% year over year. We will not make any immediate changes to our projections as we need more in-depth figures and KPIs. However, we find it likely that our Q4 projections are in the higher-end of the spectrum. Our current Base-case amounts to 288 SEK per share, we might make some minor adjustments but still view the valuation as clearly attractive.
KL
TO
Kristoffer Lindström
Tomas Otterbeck
Disclosures and disclaimers