Sweden's Goodbye Kansas Q2 sales rise on major contract wins
Sweden's Goodbye Kansas Q2 sales rise on major contract wins
Overview
Sweden visual content provider's Q2 net sales rose 52% yr/yr to SEK 65.6 mln
Company returned to profitability in Q2, with EBIT at SEK 5.3 mln vs loss last year
Order intake and order book more than doubled yr/yr, driven by major contract wins
Outlook
Goodbye Kansas says focus in H2 is on financial discipline and converting sales pipeline
Company expects to achieve profitability for full yr 2026
Goodbye Kansas plans selective investment in growth areas such as Experiential and scalable offerings
Result Drivers
MAJOR CONTRACT WINS - Q2 performance was driven by significant new orders in Games, Animation, and VFX, including high-value projects for international clients
COST DISCIPLINE - Improved profitability was supported by focus on project control, pricing, and resource planning, per CEO Carsten Myhill
BUSINESS AREA EXPANSION - Growth in the Experiential segment and development of scalable offerings such as Project Freya contributed to the company's strategic direction
Company press release: ID:nMFN25CVJ
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| SEK 65.60 mln |
|
Q2 EBIT |
| SEK 5.30 mln |
|
Q2 EBITDA |
| SEK 5.70 mln |
|
Q2 Pretax Profit |
| SEK 4.90 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Goodbye Kansas Group AB is SEK2.70, about 95.7% above its July 28 closing price of SEK1.38
Reuters Recommended Reads
July 28 - Sweden's Storytel Q2 sales rise 12%, lifts 2026 EBITDA outlook
July 29 - France's Banijay H1 revenue rises on sports betting, gaming growth
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)