Sensys Gatso Q1'18: Figures reasonably in line but delays in Oklahoma
Q1 sales came in, as expected, at SEK 72m but the operating loss of SEK -15m was SEK 3m higher than expected. The reason is the lower gross margin of 35 percent (expected 38 %) related to a less advantageous product mix than our forecasts where Managed Services was a bit lower than estimated and System Sales to a large extent consisted of service and maintenance.