Ecoclime: Progressing towards profitability - ABG
Q4e: sales SEK 95m, up 16% y-o-y, EBITDA SEK 9m (-4.6m)
Estimates reflect increased focus on profitability vs. growth
Investments in increased capacity likely required for strong growth
Q4e: Tougher comps moderate growth rate
For Q4e, we expect sales of SEK 95m, up 16% y-o-y, as tougher comps dampen the growth rate. We expect this growth to be mainly driven by the Circular energy segment growing 30%. We estimate EBITDA of SEK 9m (-4.6m), for a margin of 10% (-5.6%), and company adj. EBITDA of SEK 13m (5.3m), a margin of 14% (6.5%). We expect this will convert into EPS of SEK 0.07 (-0.03).
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/ecoclime/Equity-research/2024/1/ecoclime---progressing-towards-profitability/