Ecoclime: Improved margins as Evertherm demand rises - ABG
Sales +1% and company adj. EBITDA SEK +4m vs. ABGSCe
Circular Energy drives growth and improved profitability
Increased demand for Evertherm, production at capacity into '24
Q3 results
Net sales were SEK 61.7m (+1% vs. ABGSCe 61m), up 26% y-o-y, of which +42% organic (ABGSCe +25%). Company adj. EBITDA was 3.4m (ABGSCe -0.6m), and net profit was SEK -4.4m (ABGSCe -12.6m). Operating cash flow was SEK -6.3m. Circular Energy saw significant growth of 155%, and improved profitability, reaching a company adj. EBITDA margin of 13%. Efforts to control costs seem to be yielding results.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/ecoclime/Equity-research/2023/11/ecoclime---improved-margins-as-evertherm-demand-rises/