Ecoclime: Adapting in a challenging market - ABG
Dette er en ekstern analyse og afspejler ikke nødvendigvis vores perspektiv eller værdier.
Q3e sales SEK 61m, up 25% y-o-y, adj. EBITDA SEK -0.6m (-5.0m)
Q3 seasonal low, working towards profitable growth, but tough macro
Targeting tenants' associations to navigate weak construction market
Q3e: The seasonal low-point
In Q3, we expect sales of SEK 61m, up 25% y-o-y, but down from SEK 91m q-o-q, as Q3 is a seasonally slower quarter due to the summer holidays. We estimate EBITDA of SEK -7.6m (-10.9m), for a margin of -12% (-22%), and company adj. EBITDA of SEK -0.6m (-5.0m), for a margin of -1% (-10%). We expect this to convert into SEK -12.6m (-35.8m) in net income, i.e. a margin of -21% (-73%). While Q2 showed positive signs with regard to cost-cutting measures taken by the new CEO, we do not expect profitability on the EBITDA level in Q3 due to the predicted seasonal revenue drop.
Q3 seasonal low, working towards profitable growth, but tough macro
Targeting tenants' associations to navigate weak construction market
Q3e: The seasonal low-point
In Q3, we expect sales of SEK 61m, up 25% y-o-y, but down from SEK 91m q-o-q, as Q3 is a seasonally slower quarter due to the summer holidays. We estimate EBITDA of SEK -7.6m (-10.9m), for a margin of -12% (-22%), and company adj. EBITDA of SEK -0.6m (-5.0m), for a margin of -1% (-10%). We expect this to convert into SEK -12.6m (-35.8m) in net income, i.e. a margin of -21% (-73%). While Q2 showed positive signs with regard to cost-cutting measures taken by the new CEO, we do not expect profitability on the EBITDA level in Q3 due to the predicted seasonal revenue drop.