Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Third party research

SinterCast: Small revenue hiccup, but EBIT impresses - ABG

SinterCast

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

Download report (PDF)
Prel. Q4 figures: EE 3.7m, revenue SEK 37m, EBIT SEK 15.4m
Maintenance stoppages on major production line in Nov-Dec
Enters '24 with stronger-than-usual installation pipeline


Q4e: Some preliminary figures released

Today, SinterCast released some preliminary Q4'23 and full-year '23 figures. Engine equivalents came in at 3.7m (3.5m), somewhat lower than our estimated 4.0m, as one major production line suffered from maintenance stoppages in November and December. This was unrelated to CGI or SinterCast. Because of this, revenue came in at SEK 37m, up 13% y-o-y but 6% below our estimate. Nevertheless, EBIT impressed, as the company announced a full-year margin of 31.3%, implying Q4 EBIT of SEK 15.4m (8.1m) for a margin of 41.6% (24.6%). The strong Q4 EBIT is likely in part explained by revaluations of currency derivatives, as the USD dropped vs. the SEK in the quarter. We estimate this will convert into SEK 12.1m of net income (7.9m), or EPS of SEK 1.71 (1.11). The company also announced that the board has proposed an increased ordinary dividend.
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.