Q3e: We expect a great quarter
For Q3 we estimate revenue of SEK 43.5m, up 46% y-o-y (43% org.), as annualised engine equivalents reached a record 4.2m (3.6m), and sampling cup sales increased to 63k (45k), according to pre-released figures. Following the retirement of two employees in H1 and a one-off expense in Q2 we expect profitability to increase, and estimate EBIT of SEK 19.9m (13.0m) for Q3, resulting in a margin of 46% (44%). We believe this will convert into EPS of SEK 2.80 (1.57).