Sales beat and higher gross margin Adj. EBIT +45% vs ABGSCe Estimates likely to be revised up 7-10% on EBIT '25e
ANNONS
Q1 results
OssDsign starts 2025 by delivering a strong Q1 report with sales of SEK 44.5m (+3% vs ABGSCe SEK 43.0m, no consensus) and Q1 adj. EBIT of SEK -5.6m, +45% vs ABGSCe of -10.2m. The beat on adj. EBIT was mainly related to higher sales and higher gross margin and good cost control. Reported EBIT came in at SEK -12.7m (+26% vs ABGSCe SEK -17.2m). Gross margin was 96.4% in the quarter (vs ABGSCe 95.0%) and opex adjusted for NRI came in lower than ABGSCe at SEK -48.6m (vs ABGSCe SEK -51m). Sales commission and fee level was 49.3% compared to ABGSCe (XX% vs ABGSCe 52%)
