Northbaze Group Q4 2024: Short-term weakness pushes the sales downwards, but Adiantes impress - Redeye

The report was overall weaker than expected, primarily due to three out of four segments underperforming. Sales increased by 189% Y/Y, driven by acquisitions, with an EBITDA of SEK3.4m compared to our estimate of SEK-2.4m. The main reason for the deviation was a positive item of SEK2.3m in other expenses, versus our estimate of SEK-6.2m.

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