Overview
Sweden visual content provider's Q1 net sales rose 25% yr/yr to SEK 56.9 mln
Company posted positive EBIT and EBITDA, reversing losses from prior year
Order intake fell 82%, but order book up 58% yr/yr; major new contracts signed post-quarter
Outlook
Goodbye Kansas says focus remains on converting sales opportunities into profitable projects
Company says technology, data and AI are key to improving efficiency and margins
Goodbye Kansas remains confident in delivering profitability for the full yr
Result Drivers
GAMES SEGMENT - Company said Games remains its strongest market position and main driver of revenue and capability development
COMMERCIAL FOCUS - Co attributed improved results to stronger commercial focus and prioritizing high-quality, repeatable projects with global clients
FINANCIAL DISCIPLINE - Improved cash flow and net debt position credited to financial discipline and debt repayment
Company press release:
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 56.90 mln
Q1 EBIT
SEK 1.70 mln
Q1 EBITDA
SEK 2.20 mln
Q1 Pretax Profit
SEK 2.30 mln
Analyst Coverage
Wall Street's median 12-month price target for Goodbye Kansas Group AB is SEK2.70, about 79% above its May 21 closing price of SEK1.51
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