SEK +6.08%: An impressive 1H22 result today from the online recruitment platform with revenue of $517m, 3% ahead of consensus while EBITDA was a ~10% beat highlighting the sort of operational leveraged in the business. They also upgraded guidance for revenue to be $1.05bn – $1.10bn for FY22 which was around ~5% better than prior guidance + market expectations. Overall, a strong result and upgrades to flow through tomorrow keeping in mind the stock has also fallen ~20% from recent highs in the tech sell-off.
MM is bullish SEK
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