Formpipe: Margins suffering from lower Public DK sales

Sales +10% y-o-y, but -2% vs. ABGSCe
Margin suffering from Public DK reporting sales -8% y-o-y
Expect cons. to lower estimates by ~5%


Q3 results

Sales SEK 117m (-2% vs ABGSC 120m), EBITDA 21m (-11% vs ABGSC 23m), EBIT 6m (-31% vs ABGSC 9m), Adj. EBIT 6m (-31% vs ABGSC 9m), Net profit 3m (-47% vs ABGSC 6m).

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/formpipe/Equity-research/2022/10/formpipe---margins-suffering-from-lower-public-dk-sales/