Sweden's Goodbye Kansas Q1 net sales rise 25%, helped by games segment

About this update from Goodbye Kansas Group Ab

OverviewSweden visual content provider's Q1 net sales rose 25% yr/yr to SEK 56.9 mlnCompany posted positive EBIT and EBITDA, reversing losses from prior yearOrder intake fell 82%, but order book up 58% yr/yr; major new contracts signed post-quarterOutlookGoodbye Kansas says focus remains on converting sales opportunities into profitable projectsCompany says technology, data and AI are key to improving efficiency and marginsGoodbye Kansas remains confident in delivering profitability for the full yrResult DriversGAMES SEGMENT - Company said Games remains its strongest market position and main driver of revenue and capability developmentCOMMERCIAL FOCUS - Co attributed improved results to stronger commercial focus and prioritizing high-quality, repeatable projects with global clientsFINANCIAL DISCIPLINE - Improved cash flow and net debt position credited to financial discipline and debt repaymentCompany press release:Key DetailsMetricBeat/MissActualConsensus EstimateQ1 RevenueSEK 56.90 mlnQ1 EBITSEK 1.70 mlnQ1 EBITDASEK 2.20 mlnQ1 Pretax ProfitSEK 2.30 mlnAnalyst CoverageWall Street's median 12-month price target for Goodbye Kansas Group AB is SEK2.70, about 79% above its May 21 closing price of SEK1.51For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

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