Ecoclime: Moving towards profitability - ABG
Sales of SEK 62m, up 26% y-o-y, EBIT -4.9m (-25.8m)
Circular Energy continues growth, production at capacity
Sees relatively good order intake in challenging market
Q3: Promising improvements on profitability
In the seasonally softer Q3, sales were SEK 62m, up 26% y-o-y, of which 42% organic. Sales growth was mainly driven by the 155% increase seen in the Circular Energy segment. EBIT was SEK -4.9m (-25.8m) for a margin of -8% (-53%), and management stated that it is now seeing its structure and sales work starting to affect the numbers. The EBIT converted into EPS of SEK -0.10 (-0.78). Lease-adj. FCF was SEK -10.6m, and the company ended the quarter with a cash balance of SEK 42m.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/ecoclime/Equity-research/2023/11/ecoclime---moving-towards-profitability/