Another solid quarter
Q3 sales were SEK 41m, up +27% y-o-y (+30% org., -3% FX). EBIT was SEK 9.4m (8.1m) for a margin of 23% (25%), while EBIT adj. was SEK 11m for a margin of 27%. Lease adj. FCF was SEK 11m (17m). The operating margin was impacted by extra costs related to the ongoing regulatory process, the recruitment of the new CEO and a ramp-up in the R&D department. The company also experienced an increase in working capital, primarily due to prepayments to suppliers. Nevertheless, the company maintained its good cash conversion and strong cash balance.
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