Q4e: We expect a strong Q4
After a positive Q3 order intake surprise, we expect a strong Q4 with sales of SEK 292m, up 18% y-o-y (17% org., 1% FX). We estimate that the Energy & Environment segment will contribute substantially to y-o-y growth. On profitability, we estimate SEK 18m (10m) in adj. EBITA, for a margin of 6.3% (4.2%), i.e. a seasonally lower margin compared to Q3. We expect this will convert into an adj. EPS of SEK 0.60 (0.37), and a lease adj. FCF of SEK 13m (11m).