Kontigo Care Q1 2024: In line with expectations - Redeye
![{newsItem.title}](https://img.borskollen.se/news/stocks/getty-images-Ur1VdGufVns-unsplash.jpg)
Redeye concludes that the reported figures mainly were in line with our expectations. While net sales exceeded projections slightly, the cost base was higher than expected due to several one-time expenses. Higher capitalized development and net sales offset the OPEX surprise, resulting in an EBIT margin of 4%, consistent with expectations. The municipal segment in Sweden remains under strain with heavily restricted budgets, resulting in a negative MRR growth of 2% q/q. We expect to maintain our fair value range with a Base case of SEK5.8.
Länk till analysen i sin helhet: https://www.redeye.se/research/1006232/kontigo-care-q1-2024-in-line-with-expectations?utm_source=finwire&utm_medium=RSS