Northbaze Q2 2023: Stellar margins but slower sales - Redeye
Redeye provides a first comment on the back of Northbaze Group’s Q2 2023 report. Sales missed expectations by 17%, while the Gross margin aligned with our projections. Due to lower OPEX, EBITDA margin came out strong, showing 18% compared to last year’s 11%; considering this report, we anticipate only making minor adjustments to our short-term sales and cost estimates while maintaining our fair value range and base case.
Länk till analysen i sin helhet: https://www.redeye.se/research/937682/northbaze-q2-2023-stellar-margins-but-lower-sales?utm_source=finwire&utm_medium=RSS