Q3: EEs and SCs as preannounced, -2.4m NRI
As preannounced, EEs hit a record 4.2m (3.6m), and sampling cups were strong as well at 63k (45k). Revenue was 40.3m, up 35% y-o-y (4% FX). EBIT was 14.3m (13.0m) for a margin of 36% (44%), but adjusted for NRIs of SEK -2.4m (intangible impairment and severance payments related to Tracking Technologies), adj. EBIT was 16.7m (13.0m) for a margin of 41% (44%). This converted into net profit of SEK 14.2m (11.1m) and EPS of SEK 2.00 (1.57). The UAW strike had no effect on SinterCast volume in the quarter and the strikes at SinterCast's affected customers Ford and Stellantis have now been resolved.