Q4 saw the revenue falling short of expectations, however, the product mix was higher than expected in high margin products, leading to a strong beat on gross margin (38.3% vs. cons. 26.2%). The company additionally registered a material increase in order intakes, which was up 290% at SEK 287m, with the total order backlog landing at SEK 540m (176m of which are low to zero margin subcontractor work)
FY’22 revenue guidance of SEK 264-292m (cons. 301m)
FY’22 guidance stands at SEK 264-192m (23-37% increase) vs. cons. at SEK 301m and a newly implemented EBIT margin guidance of better than -15% (cons. 2%).
We expect a slight negative share reaction
Overall, we expect a slight negative share impact due to the weaker than expected FY’22 guidance but note that the long-term outlook looks slightly better past FY’22, supported by a strong order backlog. We furthermore note that the company is exploring financing opportunities in the short and mid-term to achieve their strategic goals. Läs mer på Introduce
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