FCF trending in a positive direction in Q2'23
Q2'23 sales were roughly in line with Q2'22, at SEK 50.2m (down 2% y-o-y), while gross profits and EBIT were significantly lower, down 560% and 15% respectively. The quarter was impacted by the ongoing transformation process, which was implemented at the beginning of the year, and saw e.g. unprofitable engineering contracts being cut, in line with the company's strategic focus of becoming a more market oriented and profitable organisation. While the transformation process is ongoing, the company is seeing progress, which is already evident in the Q2'23 FCF, which has improved to SEK -27.8m from SEK -42.4m in Q1'23, thus trending in the right direction.
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