SinterCast

* Sales SEK 23.5m as pre-announced, EBIT +5% vs. ABGSCe* 5m EE milestone pushed to '27, expect '25 installations >10m, in line* Novelis fire not expected to impact F-150 engine production in Q4Q3 resultsSales fell 28% y-o-y and were in line with the ...

* Q3 EEs 2.7m, down 23% y-o-y, sales SEK 23.5m, down 28%* Softening commercial vehicle market drives 19-15% EBIT cuts* Increased cyclical headwinds, but underlying growth story intact Q3 expectations Yesterday, SinterCast issued a press release announcing...

* Q2 in line, with automotive market and FX posing headwinds* Some uncertainty about targets, but very minor impact on estimates* Strong installations & ramps ahead, but near-term market weakness Q2 headwinds in line with our expectations The Q2 numbers...

- Sales -3%, adj. EBIT +1% vs. ABGSCe - Continued uncertainty in the automotive sector driven by tariffs - 5m EEs by '26 and y-o-y installation growth uncertain due to this Q2 results Sales fell 12% y-o-y and were 1% above our estimate. Annualised engine...

3.5m EEs, sales -13% (-8% FX), EBIT margin 36.2% (+5.3% FX) We cut '25-27e EBIT 6%/7%/1% on automotive market headwinds Market recovery, FAW & MAN ramp, Tupy order support '26e-'27e Q2 expectations We forecast EEs to come in at 3.5m in Q2, as we anticipate...

Sales down 16% y-o-y as EEs remained flat q-o-q, 7% below us We push forward recovery a bit, but will come as FAW & MAN ramp No direct tariff impact, expects to benefit from improved market in H2 Engine equivalents not recovering quite yet Sales were...