Mips AB (FRA:7M1)

€ 38.16 0.22 (0.58%) Market Cap: 1.01 Bil Enterprise Value: 980.14 Mil PE Ratio: 186.64 PB Ratio: 17.10 GF Score: 68/100

Q2 2021 MIPS AB Earnings Call Transcript

Jul 22, 2021 / 08:00AM GMT

Release Date Price: €96.2 (+22.31%)

Transcript

Operator

Ladies and gentlemen, welcome to the MIPS Q1 Report 2021. Today, I'm pleased to present CEO Max Strandwitz; and CFO, Karin Rosenthal. (Operator Instructions)

Speakers, please begin your meeting.

Max Strandwitz;publ;CEO;President

MIPS AB

()-&

Thank you, operator. Welcome to MIPS's Q2 results presentation. My name is Max Strandwitz, and I am the CEO of MIPS. With me today, we also have our CFO, Karin Rosenthal. I will take you through the quarterly results. And if we start with the key highlights, it was a fantastic start of the year with a great quarter with an organic growth of 139%. If we look at the first 6 months, we have delivered an impressive growth -- organic growth of 107%.

The growth was mainly driven by high demand for bicycle helmets, but we see strong performance in all our 3 different categories. Numbers are somewhat helped by soft prior year comparator after the start of the pandemic situation last year. We continue to see a strong improvement in EBIT and operating cash flow.

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