Q2 details
Lower sales and earnings vs. consensus. Sales came in at SEK 1,610m (-4% vs. ABGSCe, -8% vs. cons), -3% y-o-y of which -9% organically (ABGSCe -2%, cons -1%, -18% Q1'25), driven by the effects of the mild winter on the quarter in Sweden and Norway, but with a gradually improving activity level throughout the quarter. Adj. EBITA decreased -4% y-o-y to SEK 145m (-10% vs. ABGSCe, -13% vs. cons), for a margin of 9.0% (ABGSCe 9.6%, cons 3.8%, 9.1% Q2'24) driven by weak margins in Norway. FCF was weak, at SEK -142m (101m in Q1), while gearing was higher q-o-q at 3.3x (3.2x) and 2.9x pro forma (2.5x).
LÄS MER
