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SinterCast: Strong Q2 with guidance on H2 shutdown - ABG

Q2 in line: sales up 11% y-o-y, adj. EBIT margin 37% (24%)
Guides for -0.5m EE impact from September programme shutdown
Estimates cut on 3.7m EE full-year guidance and weakening USD


Q2: In-line results, strong y-o-y development

The Q2 results were in line with our expectations. Engine Equivalents were 4m, up 8% y-o-y, and Sampling Cups were 56.7k, up 15%. This converted into sales of SEK 35m (32m), growing 11% y-o-y, and adj. EBIT of SEK 13m (7.7m), for a margin of 37% (24%). FX had only a limited impact on the results.
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