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Still ahead of expectations

Still ahead of expectations

Steelfront announced an EBITDA result of 463 million SEK for the first quarter of 2021.

Analysts calculated an average of 441 million SEK, according to a group of eight forecast analysts prepared by Infront.

The adjusted EBITDA result was 498 million SEK, and here the analysts calculated 456 million SEK.

Net sales were SEK 1.319 million, compared to SEK 1.272 million expected.

Wednesday morning’s report is the first that Stillfront has indicated organic growth of 9.5 percent in the first quarter. Total growth in the quarter was 91 percent.

Effects of negative organic growth 2 kV.

Steelfront expects negative organic growth in the second quarter on the back of hard comparative numbers affected by the epidemic.

“From mid-March to the end of May last year, we witnessed a large influx of new users as a result of exceptionally good marketing conditions during the COVID-19 outbreak. The strict comparative numbers had a negative impact on our organic growth at the end of the first quarter and we expect the same comparative effect to result in A negative organic growth figure in the second quarter of 2021, ”CEO Jürgen Larsson wrote in the report.

Regarding the company’s work with changing the list, from the Nasdaq First North list to the main Nasdaq Stockholm list, it was stated that the goal is to change the list in the coming months, “given that we have obtained the necessary permits.”