- Sales beat and higher gross margin - Adj. EBIT +28% vs ABGSCe - Estimates likely to be revised up 8-12% on EBIT '25e
ANNONS
Q2 results
OssDsign reported a strong set of numbers in Q2 with sales of SEK 46.5m (+11% vs ABGSCe SEK 41.8m, no consensus) and adj. EBIT of SEK -6.2m, +28% vs ABGSCe of -8.6m. The beat on EBIT was mainly due to higher sales and higher gross margin. Management highlights that the strong sales figure for Q2 was helped by last day orders. We do not yet know the magnitude of those orders, but that could obviously help to explain the strong beat in Q2. Still, the gross margin was 96.8% in the quarter (vs ABGSCe 95.0%) and we are pleased to see that the sales commission and fee level (as % of sales) came in lower than expected at 48.65 vs ABGSCe 50.0%. Webcast at 11.00 CET today, link: https://www.finwire.tv/webcast/ossdsign/q2-2025/
