Mr Green reveals ongoing financial growth in Q2

Mr Green has followed up on a successful first quarter by achieving further year-on-year financial growth during the three months to June 30.

Revenue in the second quarter came in at SEK287.8m (€29.9m/$34.8m), which represents an increase of 36.3% on the SEK211.2m posted in the corresponding period last year.

Earnings before interest, tax, deprecation and amortisation (EBITDA) rocketed 337% to SEK52.4m with an increased margin of 18.2%, compared to 5.7% in Q2 of 2016.

Earnings per share both before and after dilution also improved from negative SEK0.13 to a positive of SEK0.90, with cash and cash equivalents at quarter-end standing at SEK463.6m.

As a result, revenue for the first six months of the year amounted to SEK563.9m, up 31.2% on SEK429.7m at the same point in 2016.

EBITDA jumped 105% year-on-year to SEK86.6m, with a margin of 15.4%, while earnings per share before and after dilution increased from SEK0.55 to SEK1.43.

Related article: Mr Green details Q1 growth, finalises acquisition