Q3’22 impressions
Nilörn reports Q3’22 sales of SEK 232m (+5% vs. ABGSCe 221m), gross profit SEK 104m (+8% vs. ABGSCe 97m), EBIT SEK 37m (+25% vs. ABGSCe 30m), net profit SEK 28m (+25% vs. ABGSCe 22m). Order bookings have decreased by 3%, indicating that a slowdown in consumer demand is starting to leave a footprint. That said, the company has grown sales by 14% y-o-y with an EBIT margin of 16%, partially due to high capacity utilization of the company’s factories. Overall, we deem the operating performance of the business to be impressive.