Brief: Enad Global 7 Q1 Adjusted EBITDA Rises To SEK 189.8 Million

Enad Global 7 AB (publ)

16/05/2023 06:07

May 16 (Reuters) - Enad Global 7 AB (publ)  EG7.ST :
    * Q1 NET REVENUE OF SEK 571.7 (399.7) MILLION, REPRESENTING
43.0
PERCENT GROWTH.
    * Q1 ADJUSTED EBITDA OF SEK 189.8 (106.6) MILLION,
CORRESPONDING
TO 78.1 PERCENT GROWTH AND 33.2 PERCENT MARGIN.
    * CASH BALANCE OF SEK 452.9 MILLION WITH NO BANK DEBT AT
GROUP
LEVEL AFTER FULL REPAYMENT IN Q1.
    * WE EXPECT MSM TO SETTLE DOWN AT A HIGHER STEADY STATE
BASELINE
ENGAGEMENT COMPARED TO HISTORICAL LEVELS IN 2021 PRIOR TO
STEP-UP IN ITS PERFORMANCE.

Source text for Eikon:  ID:nMFN9NKGql 
Further company coverage:  EG7.ST 

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