Q4 results
Q4 sales came in at SEK 721m, down 12% y-o-y and down 13% vs. ABGSCe. Adj. EBITDA came in at SEK 13.4m, down 77% y-o-y and down 63% vs. ABGSCe. Gross margin for Q4 came in at 20.1%, which is 0.4pp higher than we anticipated, driven by Septon and Sominis, according to the report. Aurdel continues to be the segment that has led to both lower-than-expected sales and margins.
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