Mr Green: Expecting Strong Revenue Performance for Q3

Research Note

2015-11-02

16:46

For Mr Green in Q3 we expect a revenue of 208.4 million SEK which is equivalent to 24 percent growth on a YoY comparison (7 percent growth QoQ) primarily led by enhanced traction for the European markets. Marketing costs are assesed to be 45 percent of the revenues led by its growth strategy. COGS is estimated to be around 17 percent and other expenses to be approximately 18 percent. EBIT is expected to be SEK 24.9 million equivalent to 11.9 percent – which still can be heavily disrupted by higher COGS due to regulatory taxes, VAT - along with higher than expected other expenses which correlates to the degree of European expansion.

PS

Philip Skogby

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