Carlsquare pre-analysis Q2, 2022: HANZA, positive pre-announcement for Q2, 2022

Comment from Carlsquare: HANZA, positive pre-announcement for Q2, 2022

HANZA says Q2, 2022 revenue will exceed SEK 850m (634), and group EBITA will increase to over SEK 50m (40). This implies higher margins and slightly better growth than we had previously anticipated. The preliminary figures are also higher than consensus estimates of SEK 788m and SEK 46m, respectively. The Company highlights a positive development for the Other markets segment, where the margin is again improving.

Given the positive profit warning, we conclude that HANZA expects to report EBITA at least nine per cent higher than our estimate.

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