SinterCast: Strong Q2 with guidance on H2 shutdown - ABG
Q2 in line: sales up 11% y-o-y, adj. EBIT margin 37% (24%)
Guides for -0.5m EE impact from September programme shutdown
Estimates cut on 3.7m EE full-year guidance and weakening USD
Q2: In-line results, strong y-o-y development
The Q2 results were in line with our expectations. Engine Equivalents were 4m, up 8% y-o-y, and Sampling Cups were 56.7k, up 15%. This converted into sales of SEK 35m (32m), growing 11% y-o-y, and adj. EBIT of SEK 13m (7.7m), for a margin of 37% (24%). FX had only a limited impact on the results.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/sintercast/Equity-research/2024/8/sintercast---strong-q2-with-guidance-on-h2-shutdown/