Q3 outcome
Sales were SEK 1,479m (15% vs.ABGSCe 1,287m), and the gross margin was 24.7% (ABGSCe 21.1%), mainly on the revenue mix in Russia/CIS, where the higher-margin aftermarket and contracting services segments amounted to 76% (39%) of sales. This, combined with bigger than expected opex cuts, resulted in an adj. EBIT of SEK 130m (+65% vs. ABGSCe 79m), for a margin of 8.8% (ABGSCe 6.1%), which included the positive one-off from the VCE payment of SEK 321m, meaning reported EBIT was SEK 451m (+13% vs. ABGSCe 400m).
