Administer: Slightly better than expected profitability - Evli

Administer’s Q2 net sales declined by 1.3% y/y, mainly attributable to the demand for personnel leasing, which is more dependent on economic cycles than the groups other service sectors. EBITDA improved to EUR 1.9m (Q2’23: EUR 0.4m), slightly beating our estimate of EUR 1.7m.

Länk till analysen i sin helhet: https://1764719.fs1.hubspotusercontent-na1.net/hubfs/1764719/ERP/Raportit/Administer/Administer%20240815%20Q2%20Earnings%20flash.pdf