Mr Green: Q4 Expectations

Research Note

2016-02-12

15:30

For Mr Greens Q4 report we expect a slightly revised revenue estimate of SEK 205.6 million (previously 209.6) which is equivalent to 18 percent growth on a YoY comparison (2 percent growth QoQ) where the smaller revision is primarily led by the effect of its switch to new platform but compensated by the growth traction of the European online casino market. Marketing costs are assessed to be 37 percent of the revenues led by continued focus on its growth strategy. COS is estimated to be around 30 percent and other expenses to be approximately 21 percent. EBIT is expected to be SEK 11.6 million equivalent to 6 percent (heavily affected by the 40 percent tax rate of Austria in COS-approx. SEK 16-18 million).

PS

Philip Skogby

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