GOMspace: FY'23 guidance reflects increased profit focus - ABG
Weaker-than-expected Q4 due to cancelled large customer
FY'23 guidance places ABGSCe at the low end of the range
We now expect positive EBIT from FY’25e
Q4 below ABGSCe; SEK 17.6m guarantee withdrawal
Q4'22 was weaker than we expected, negatively impacted by a large customer cancellation, resulting in a performance guarantee withdrawal of SEK 17.6m. Sales were in line with our expectation, but margins came in significantly below. Order intake in Q4 was SEK 27.8m, down 90% y-o-y, representing the strengthened focus on vetting new orders, ensuring profitability.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/gomspace/Equity-research/2023/2/gomspace---fy23-guidance-reflects-increased-profit-focus/