Gapwaves reported strong growth in Q4 (+164% y/y), following the trend seen in previous quarters this year, for Q4 net sales of SEK 17.6m, 10% above SEBe. This growth was driven partly by prototype & project related revenue from several tier 1s (incl Hella and Valeo) with SEK 4m of production equipment revenues. EBIT excl associate company income was SEK -9.6m vs SEBe at SEK -11m. CEO Jonas Ehinger sees strong demand in automotive, despite a tough market environment.
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