Urb-it

Q2'23 sales -10% vs. ABGSCe Volume decline offset by positive FX impact We cut '23e-'25e sales by 29-42% to reflect trading update Q2'23 in brief Q2'23 sales of SEK 11.6m were 10% below our estimates and the cash burn was 7% lower than we anticipated...

Guides for '23e sales of SEK 65m... ... and '23e adj. EBITDA of SEK -115m Macroeconomic conditions tougher than expected Guides for '23e sales below ABGSCe of SEK 91m... Urb-it guides for '23e sales of SEK 65m, which is approx. 29% below our estimate...