Q3 results
Sales came in at SEK 33m (+12% vs. ABGSC 30m), +50% y-o-y (+50% organic). EBIT was -3m (+35% vs. ABGSC -4m), and adj. EBIT was -2m (+60% vs. ABGSC -4m) for a margin of -5% (ABGSC -14%). Adj. net income was -3m (+47% vs. ABGSC -6m) for a margin of -9% (ABGSC -19%). The company produced lease adj. FCF of 0m, +88% y-o-y, and ended the quarter with a cash balance of 9.7m vs. R12m FCF -13.7m. The sales beat was due to stronger than expected growth in the Nonwoven & Fiber Technologies segment, which is what we want to see.