Qlosr: Solid quarter and '23 guidance - ABG

EBITDA -13% vs ABGSCe
Guides for at least 10% ACV growth
We expect cons. to make minor neg. revisions


Q4 results

Qlosr’s Q4’22 revenue came in at SEK 145.5m (-14% vs ABGSCe SEK 169m), implying a y-o-y total growth rate of 137%. The gross margin amounted to ~55%, which is higher than our estimated 48%. EBITDA was SEK 17.7m (-13% vs ABGSCe SEK 20.3m), corresponding to an EBITDA margin of 12.2%, which is +20bps higher than ABGSCe.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/qlosr/Equity-research/2023/2/qlosr---solid-quarter-and-23-guidance/