Copyright © Inderes 2011 - present. All rights reserved.
  • Seneste
  • Markeder
    • Aktieoversigt
    • Finanskalender
    • Udbyttekalender
    • Research
    • Artikler
  • InderesTV
  • Forum
  • Om os
    • Fulgte selskaber
    • Team
Eksterne analyser

Skolon Q1e: ARPPU-driven growth - ABG

Skolon

Dette er en ekstern analyse og afspejler ikke nødvendigvis vores perspektiv eller værdier.

Download analyse (PDF)
Q1'25e organic sales growth of 47% y-o-y
Minor estimate changes
FVR of SEK 30-45 reiterated


What to expect in Q1'25e

We expect organic growth of 47%, with sales of SEK 35m in the first quarter. We expect a solid quarter in terms of growth, primarily driven by increased ARPPU and recent volume growth. Q1 is seasonally the smallest quarter, as few schools purchase new licences and tools after the start of the academic spring term. This means that sales are primarily driven by recurring licence revenue, resulting in a strong gross margin. We expect a GM of 38% and an EBITDA of SEK -1m. Although we expect a strong gross margin, the fixed nature of opex results in a negative EBITDA margin for the quarter, but we note that EBITDA continues to improve on a y-o-y basis (adj. EBITDA margin of -4% in Q1'25e vs. -8% in Q1'24).
Find os på de sociale medier
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Tag kontakt
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • Om os
  • Vores team
  • Karriere
  • Inderes som en investering
  • Tjenester for børsnoterede virksomheder
Vores platform
  • FAQ
  • Servicevilkår
  • Privatlivspolitik
  • Disclaimer
Inderes’ ansvarsfraskrivelse kan findes her. Detaljeret information om hver aktie, der aktivt overvåges af Inderes og HC Andersen Capital, er tilgængelig på de virksomhedsspecifikke sider på Inderes' hjemmeside. © Inderes Oyj. All rights reserved.