Q3 outcome
Sales came in at SEK 29.8m (-11% vs. ABGSCe 33.6m), up 18% y-o-y, helped by a stronger USD. EBIT was SEK 12.9m (+24% vs. ABGSCe 10.4m), and included no NRIs (ABGSCe 0m), for an EBIT margin of 43.3% (ABGSCe 31.1%). Net profit was SEK 11.0m (+11% vs. ABGSCe 9.9m). Engine equivalent production came in below expectations (3.6m vs. ABGSCe 3.8m) due supply chain constraints in two high-volume programmes, leading to softer sales as well. However, the opex base was kept tighter than expected, leading to a very strong EBIT margin.