Year End Report Jan 20 - Dec 20

Q4: Oct – Dec 2020

  • A positive EBITDA for the quarter of 13.2 MSEK (11.2). An increase of 17% from the corresponding period in 2019 and a 911% increase from Q3, 2020
  • Profit after tax for the quarter was 9.9 MSEK (0.3), a large increase from the corresponding period in 2019
  • Gross Profit amounted to 29.5 MSEK (34.3), a decrease of 14% from the corresponding period in 2019 but an increase of 25% from Q3
  • Total Revenue for the quarter amounted to 47.9 MSEK (48.7) a decrease of 2% from the corresponding period in 2019 but an increase of 60% from Q3
  • Operating costs amounted to 16.3 MSEK (23.0) a reduction of 29% compared with the same period last year and an 8% reduction from Q3

YTD: Jan – Dec 2020

  • A positive EBITDA result of 16.7 MSEK (18.1)
  • EBITDA margin increased to 12% (10%)
  • Net Profit after tax for the year was 4.0 MSEK (-4.9), a huge turnaround from the previous year
  • There was significant (one-off) fixed-asset depreciation during the year, due to the London office closure
  • Total Revenue amounted to 139.9 MSEK (183.4) a decrease of 24% from 2019
  • Gross Profit amounted to 90.4 MSEK (114.9) a decrease of 21% from 2019
  • Gross margin increased to 65% (63%)
  • Operating costs amounted to 73.7 MSEK (96.8), a reduction of 24% from the previous year
See full Year End Report Results