Impact Coatings: Starting the year with lower business activity - ABG
Sales SEK 9.5m, EBIT SEK -14m (vs. ABGSCe 9.5m and -20m) No system deliveries in the quarter, as expected Cautious market set to continue into 2025
ANNONS
Q1 results
Sales came in at SEK 9.5m (+33% vs. ABGSCe 7.2m), +138% y-o-y. Coating Services came in at SEK 5.6m (1.6m) and Aftermarket came in at SEK 3.9m (2.4m). There were no Coating Systems sales during the quarter as, as expected, no systems were delivered. The company points out that the quarter was affected by the seasonal effect of the Chinese New Year, with large parts of the Chinese industry shutting down. But it also highlights a continued wait-and-see market situation. EBIT came in higher than expected SEK -14m (vs. ABGSCe -20m) due to higher sales and better than expected cost control. The company highlights its increased focus on cost control which was initiated in H2'24. In addition, FCF lease adj. improved during the quarter and came in at SEK -5.6m (vs. ABGSCe -17m).
