Q3: Promising improvements on profitability
In the seasonally softer Q3, sales were SEK 62m, up 26% y-o-y, of which 42% organic. Sales growth was mainly driven by the 155% increase seen in the Circular Energy segment. EBIT was SEK -4.9m (-25.8m) for a margin of -8% (-53%), and management stated that it is now seeing its structure and sales work starting to affect the numbers. The EBIT converted into EPS of SEK -0.10 (-0.78). Lease-adj. FCF was SEK -10.6m, and the company ended the quarter with a cash balance of SEK 42m.
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