Ecoclime: Improved margins as Evertherm demand rises - ABG
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Sales +1% and company adj. EBITDA SEK +4m vs. ABGSCe
Circular Energy drives growth and improved profitability
Increased demand for Evertherm, production at capacity into '24
Q3 results
Net sales were SEK 61.7m (+1% vs. ABGSCe 61m), up 26% y-o-y, of which +42% organic (ABGSCe +25%). Company adj. EBITDA was 3.4m (ABGSCe -0.6m), and net profit was SEK -4.4m (ABGSCe -12.6m). Operating cash flow was SEK -6.3m. Circular Energy saw significant growth of 155%, and improved profitability, reaching a company adj. EBITDA margin of 13%. Efforts to control costs seem to be yielding results.
Circular Energy drives growth and improved profitability
Increased demand for Evertherm, production at capacity into '24
Q3 results
Net sales were SEK 61.7m (+1% vs. ABGSCe 61m), up 26% y-o-y, of which +42% organic (ABGSCe +25%). Company adj. EBITDA was 3.4m (ABGSCe -0.6m), and net profit was SEK -4.4m (ABGSCe -12.6m). Operating cash flow was SEK -6.3m. Circular Energy saw significant growth of 155%, and improved profitability, reaching a company adj. EBITDA margin of 13%. Efforts to control costs seem to be yielding results.