OssDsign: Strong sales growth in Q4 - ABG

Beat in Q4 driven by higher sales
EBIT +7% vs ABGSCe
Estimates likely to be revised up 2-5% on EBIT '25e


Q4 results

OssDsign delivered a strong Q4 with higher sales and gross margin. Sales came in at SEK 41.5m (+12% vs ABGSCe SEK 37.0m, no consensus) and Q4 EBIT of SEK -12.3m, +7% vs ABGSCe of -13.2m. The beat on EBIT was due to higher sales and gross margin as opex came in higher at SEK 52.4m (vs ABGSCe SEK -48.0m). Gross margin for the quarter was 96.8% vs ABGSCe 94.0%. Going forward, management expects the gross margin to be >93% (ABGSCe at 94.0% for '25e-'26e). Sales commission and fee level was marginally lower than expected (52.7% vs ABGSCe 53%), at the same time as the selling expenses (own sales organisation) was higher than expected.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/ossdsign/Equity-research/2025/2/ossdsign---strong-sales-growth-in-q4-/