Q4 results
Sales came in at SEK 32.9m (1% vs. ABGSCe 32.6m), up 11% y-o-y. EBIT was SEK 8.0m (-25% vs. ABGSCe 10.7m), and included no NRIs (ABGSCe 0m), for an EBIT margin of 24% (ABGSCe 33%). The EBIT and margin deviation was an effect of the sales mix, with higher equipment sales than we expected, but lower series production sales. Net profit was SEK 7.8m (-11% vs. ABGSCe 8.7m). Engine equivalent production was in line with our expectations (3.5m vs. ABGSCe 3.5m). The company proposes a dividend of SEK 5.5 per share (5.0 ordinary, 0.5 extraordinary (+10% vs. ABGSCe 5.0), an increase of 10% y-o-y .
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