Sales +4.7% y-o-y and EBITDA +27.7% y-o-y
Good demand and favourable sales mix in e-commerce
NIBD/EBITDA now at 1.1x after continued bond buy backs
We upgrade bonds to outperform
23 Feb 2021
Strong margin development and good demand
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Strong margin development and good demand
Sales +4.7% y-o-y and EBITDA +27.7% y-o-y
Good demand and favourable sales mix in e-commerce
NIBD/EBITDA now at 1.1x after continued bond buy backs
We upgrade bonds to outperform