Company overview

Dignitana Q2: Stable development

Redeye Research Note timeStamp 2020/08/20

Redeyes first comments on Dignitanas results for the second quarter of 2020. 

Redeyes first comments on Dignitanas results for the second quarter of 2020.

Dignitanas net sales was better than we expected at SEK 11,8m, we had calculated with a bigger hit from Covid-19. The business is clearly more resilient than we have earlier thought. The EBITDA level was a clear improvement compared to the same period in 2019 and the first quarter 2020.

The resilience of the business model in this environment is something that we need to dig deeper in and with the better than expected topline we will most likely revise our expectations upwards after the report. We will revert with a more comprehensive comment.

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