Q3 results
Sales came in at SEK 777m (-12% vs. ABGSC 878m), +10% y-o-y. EBIT was 6m (+338% vs. ABGSC -3m), and adj. EBIT was 1m (+108% vs. ABGSC -13m) for a margin of +0% (ABGSC -1%). Adj. net income was -24m (-39% vs. ABGSC -17m) for a margin of -3% (ABGSC -2%). The company produced lease adj. FCF of 152m, -46% y-o-y. The sales miss was due to the Wood Solutions segment, but profitability in this segment was better than expected. Sawn Wood saw continued weakness as product prices fell, and raw material prices increased. Doors & Windows and Furniture & Components contributed positively.