Jul 22, 2024 / 08:00AM GMT
Jorgen Larsson - Stillfront Group AB(publ)-President - Chief Executive Officer, Director
Welcome to Stillfront's Q2 earnings call. I will be presenting, Jorgen Larsson, CEO, together with our CFO, Andreas Uddman. So next slide, please.
We posted strong margins. We had a strong margin development in the second quarter. We had net revenues coming at SEK1744 million, which is in line with Q1 and lower revenues by 4% compared to last year. We increased our gross profit by 2 percentage points, up to 80%. And we had an EBITDAC margin of 29%, up 8% quarter-over-quarter, driven by lower acquisition costs and up 0.5 percentage points year-over-year.
Our free cash flow amounted to SEK272 million, which is almost the doubling from the previous quarter. You can also see in the slide that we lowered our gross profit, which is the one that we are steering the business on by 1.6% only, and that is an important number.
Next slide, please. Looking into our lower user acquisition cost, there is a few highlights that I would like to emphasize on this
Q2 2024 Stillfront Group AB (publ) Earnings Call Transcript
Jul 22, 2024
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