Safello Q1’22: Initial comment

Research Note

2022-05-13

08:58

Redeye comments on Safello’s Q1 report, which deviated somewhat on net revenue but was more or less in line on absolute terms on the EBIT level, thanks to a slightly better gross margin and lower opex than expected. Cryptocurrencies faced, much like many stock markets worldwide, a frosty early reception in 2022.

MS

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Mark Siöstedt

Niklas Sävås

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