Adj. EBIT SEK 1,386m, +24%/+17% vs ARCe/ cons supported by SEK 175m JV incomeCash EBITDA SEK 2,273m, +4%/flat vs ARCe/consServicing: Margin surprise, EBIT +21% y-o-y, margin +25% in 17 of 20 marketsInvesting: EBIT -12% y-o-y on soft capex and FX drag, JV contribution helpedPF leverage: 4.8x (Q1: 4.5x), up as expected on portfolio sale roll-off and FXStrong operational execution and tight cost discipline offset revenue softness, good start to post-recap phase
