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Third party research

Impact Coatings: Starting the year with lower business activity - ABG

Impact Coatings

This is a third party research report and does not necessarily reflect our views or values

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Sales SEK 9.5m, EBIT SEK -14m (vs. ABGSCe 9.5m and -20m)
No system deliveries in the quarter, as expected
Cautious market set to continue into 2025


Q1 results

Sales came in at SEK 9.5m (+33% vs. ABGSCe 7.2m), +138% y-o-y. Coating Services came in at SEK 5.6m (1.6m) and Aftermarket came in at SEK 3.9m (2.4m). There were no Coating Systems sales during the quarter as, as expected, no systems were delivered. The company points out that the quarter was affected by the seasonal effect of the Chinese New Year, with large parts of the Chinese industry shutting down. But it also highlights a continued wait-and-see market situation. EBIT came in higher than expected SEK -14m (vs. ABGSCe -20m) due to higher sales and better than expected cost control. The company highlights its increased focus on cost control which was initiated in H2'24. In addition, FCF lease adj. improved during the quarter and came in at SEK -5.6m (vs. ABGSCe -17m).
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