trending Market Intelligence /marketintelligence/en/news-insights/trending/lCM9dtFw83DBHtOFEeXqSQ2 content esgSubNav
In This List

Vindico Group Q1 loss narrows YOY

Blog

Global smart TV forecast return to growth in 2022, sustained through 2026

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022


Vindico Group Q1 loss narrows YOY

Vindico Group AB (publ) said its first-quarter normalized net income came to a loss of 2 Swedish öre per share, compared with a loss of 4 öre per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 242,160 kronor, compared with a loss of 378,920 kronor in the prior-year period.

The normalized profit margin increased to negative 14.7% from negative 20.3% in the year-earlier period.

Total revenue declined 12.0% year over year to 1.6 million kronor from 1.9 million kronor, and total operating expenses fell 16.5% year over year to 2.1 million kronor from 2.5 million kronor.

Reported net income came to a loss of 387,460 kronor, or a loss of 4 öre per share, compared to a loss of 606,280 kronor, or a loss of 6 öre per share, in the year-earlier period.

As of May 12, US$1 was equivalent to 8.18 Swedish kronor.