Sales +3% y-o-y on easy comps (+13% vs. ABGSCe)
Similar to Q1, COVID-19 took a heavy toll on Motion Display (MODI) in Q2. Sales were SEK 5.7m vs. ABGSCe at SEK 5.0m, corresponding to y-o-y growth of +3% (although against easy comps). The gross margin was strong at 56%, driven by a good sales mix. Furthermore, opex declined 33% q-o-q, stemming from good costs control as well as from governmental subsidies (which amounted to SEK 0.66m in Q2).
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