Freemelt: Record Q2 sales with more to come in H2 - ABG
Six Freemelt ONE orders and sales of SEK 19m mark record quarter Estimates intact, deviation from ABGSCe only due to delivery timings eMELT machine commitments key to watch for in coming 12 months
ANNONS
Record quarter for sales & orders
Q2 was a record quarter for sales and orders, with quarterly sales of SEK 19m being on par with the 2024 full-year figure of SEK 20m, and the six Freemelt ONE orders in the quarter exceeding the 2024 full-year figure of five orders. Nevertheless sales, driven by four deliveries in the quarter, fell short, as we had expected six deliveries, but this is purely a matter of timing, and we now push the remaining two deliveries into Q3. There were no big surprises on costs, and adj. EBIT was SEK -8.6m (SEK -14.9m). The high activity in the quarter tied up quite a bit of working capital, which we expect will be partially released in H2, leaving FCF at SEK -18m in the quarter, and the cash balance at SEK 54m, compared to R12m FCF of SEK -71m.
