Q3: A good quarter that delivered on expectations
In Q3, sales were SEK 32m, up +51% y-o-y (48% org., 3% FX), as the company continued to deliver at the levels seen in H1. EBIT was SEK 8.1m (4.8m) for a margin of 25.3% (22.6%), and net income was SEK 6.8m (4.2m) for a margin of 21.1% (19.8%), implying EPS of SEK 0.57 (0.35). Profitability remained roughly in line with the levels seen in H1, despite some heightened expenses connected to the EU process. FCF was a strong SEK 17m (9m), largely due to a SEK 7m WC release, which we believe was likely mostly temporary. All in all, Q3 was a good quarter that delivered on expectations.