SinterCast: In-line report, guides for 3.7m EEs in '24 - ABG

Sales SEK 35m, EBIT SEK 13m, 37% margin, in line with ABGSCe
Previously announced programme shut down impact of -0.5m EEs
Full impact from September, guides for '24 EEs of 3.7m, we had 3.9m


Q2 results

Sales came in at SEK 35m (-0.1% vs. ABGSCe 35m), +11% y-o-y. Annualised EEs produced were 4.0m (pre-announced), +8.1% y-o-y. Sampling cups sold were 56,700 (pre-announced), +15% y-o-y. EBIT was SEK 13m (-1.4% vs. ABGSCe 13m), for a margin of +37% (ABGSCe +38%). EBIT adj. was SEK 13m (-1.4% vs. ABGSCe 13m), for a margin of +37% (ABGSCe +38%). EPS adj. came in at SEK 1.5 (-1.4% vs. ABGSCe 1.5), +36% y-o-y. FCF lease adj. came in at SEK 15m (+120% vs. ABGSCe 6.8m), +15% y-o-y, due to better than expected NWC changes.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/sintercast/Equity-research/2024/8/sintercast---in-line-report-guides-for-3.7m-ees-in-24/