Q1 expectations
For Q1 we expect sales in line with the Q4 level, contracting 9% y-o-y (-10% org.), and a book-to-bill of 1.1x, marking a bit of a normalisation after the unusually strong Q1 figure of 1.4x, which contained some longer-term orders that will not yet have been converted into sales. On the adj. EBITA margin, we expect 5.6% for a 0.4pp q-o-q increase as cost reductions initiated in H2'24 start taking effect. We expect SEK 4m in non-recurring costs related to the main-market listing process.