SinterCast

SinterCast bekräftar vändningen i volymerna under H1, men vi sänker årets volymantagande 10 procent. Prishöjningar och ökad visibilitet i nya modellprogram håller den långsiktiga bilden intakt.

* Sales 1% above us, but EBIT 10% below on a softer gross margin * Past the H2'25 trough, larger volume ramp to start in Q4'26 * We cut '26e-'28e EBIT by 9-4% on ramp timing and FX Q2 results Q2 sales were 1% above ABGSCe while EBIT was 10% below, at...

* Volumes pre-announced, sales +1%, EBIT -10% vs. ABGSCe * Lower quarterly gross margin drives lower EBIT figure * Positive on commercial vehicle sector recovery and pipeline Q2 results Sales fell 12% y-o-y and were 1% above our estimate. Annualised ...

* Q2 volumes pre-announced, we forecast sales -13%, EBIT -28% * Comps ease from Q3, both FX and volumes should turn into tailwinds * We cut '26e EBIT by 4%, but raise '27e-'28e by 2-6% Q2 expectations SinterCast's H1 production update effectively pre...