Brief: Goodbye Kansas Group Q2 EBIT Loss Widens To SEK 32.6 Mln

Goodbye Kansas AB

31/08/2023 07:15

Aug 31 (Reuters) - Goodbye Kansas Group AB  GBKG.ST :
    * Q2 EBITDA AMOUNTED TO SEK -14.4 MILLION (-9.6)
    * Q2 NET SALES INCREASING BY 17% COMPARED TO CORRESPONDING
PERIOD
LAST YEAR, TO SEK 80.4 MILLION
    * Q2 EBIT AMOUNTED TO SEK -32.6 MILLION (-26.0)
    * Q2 ADJUSTED EBITDA AMOUNTING TO SEK -8.7 MILLION
    * WE SEE CONTINUED VOLATILITY GOING FORWARD AND EVEN THOUGH
WE
HAVE A STRONG PIPELINE, NEAR-TERM WILL BE CHALLENGING IN TERMS
OF SALES AND LIQUIDITY
    * DURING Q2 WE SAW INCREASED DEMAND FOR STUDIO SERVICES
    * DURING QUARTER HAVE PRODUCED SOME LOW-MARGIN PROJECTS
WHICH HAS,
AS EXPECTED, NEGATIVELY IMPACTED OUR PROFIT
    * OUR PROFIT IN Q2 IS NEGATIVELY IMPACTED BY INCREASED
PERSONNEL
COSTS AND INFLATION ADJUSTED RENT

Source text for Eikon:  ID:nMFN7fcgkS 
Further company coverage:  GBKG.ST 

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