Stillfront Q2’21: Soft Q3 outlook but sees organic growth coming back in Q4

Stillfront reports Q2 revenue of SEK 1382m and adjusted EBITDA of SEK 551m while adjusted EBIT came in at SEK 477m. This was slightly softer than consensus expectations on revenue (SEK 1430m) but in line on adjusted EBIT (SEK473m). Furthermore, the company gives a Q3 guidance of SEK 1275-1325m for revenue and SEK 375-415m for adjusted EBIT which looks soft in our view, although the share has been weak going into the numbers suggesting expectations were already low.

HA

Hjalmar Ahlberg

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