Well then. Roaming was right in the middle of my own range. 3P GMV was much better only because the take rate fell sharply. Was there possibly some discounts that boosted the GMV figure but naturally negatively affected revenue?
Take rate Q4 20: 11.7%
Take rate Q1 21: 10.7%
Take rate Q2 21: 9.5%
Perhaps the only positive thing was the July MTD figure, but only 13 days are behind us. Valuation is now SEK 2.5bn, trailing 12-month 3P revenue SEK 205m. So a 12.5x revenue multiple. Not really a bargain and a lot to prove. The market is big, and if they can truly accelerate growth, the case will surely be good. We’ll see 