Mips Q3 Sales Rise 59% to SEK 215M
Mips reported organic growth of 24% and adjusted operating profit of SEK 97M, with a 45.2% adjusted operating margin. Reported EBIT was SEK 60M after SEK 37M in legal costs.
Story updates
05:42:07 AM UTC
SquawkNews
Sweden's Mips misses Q3 sales, operating profit expectations
Mips AB recorded Q3 sales of SEK 215M, a 59% increase YoY. Organic growth was 24%. Adjusted operating profit came to SEK 97M, with an adjusted operating margin of 45.2%. Reported EBIT was SEK 60M, following SEK 37M in legal costs.