Q3 adjusted EBITDA from continuing operations was SEK 53m, up from SEK 21m in Q3 2019 and SEK 52m in Q2 2020. It was above our forecast of SEK 42m, as well. The adjusted EBITDA margin of 10.2% increased from 4.5% in Q3 2019 and 9.5% in Q2 2020. The company said that it sees no weakening of demand and that order inflow remains good.
EBIT increased 7% in 2020E, 4% in 2021E and 4% in 2022E
We have increased our forecast EBIT (from continuing operations) by 7% in 2020, 4% in 2021 and 4% in 2022.
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