Q4: Incremental improvements
Q4 sales came in at SEK 51m, down 9% y-o-y, but continued to improve sequentially (+10%), as expected. Sales were evenly distributed between the segments, with Performance Chemicals causing the y-o-y decrease. EBIT was SEK -2.1m (-4.4m), for a margin of -4.1% (-7.9%): this figure shows improvement both y-o-y and q-o-q, as the cost savings programme continued to improve profitability. This converted into net income of SEK -3.0m (-4.5m), or EPS of SEK -0.04 (-0.06). Lease adj. FCF was SEK -4.8m (-21.8m), driven by SEK 5m in WC build-up, and the company ended the quarter with SEK 9m in cash and an unutilised credit facility of SEK 20m, resulting in total liquidity of SEK 29m.
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