Ecoclime: Weaker Q4 sales but positive on outlook - ABG
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Sales -9% and company adj. EBITDA SEK -8.5m vs. ABGSCe
Interest rate environment and mix effects weigh on sales
Situation has improved during the beginning of Q1
Q4 results
Net sales were SEK 86.9m (-9% vs. ABGSCe 95.3m), up 6% y-o-y. Company adj. EBITDA was 4.5m (ABGSCe 13.0m), and net profit was SEK 7.1m (ABGSCe 3.3m). The financial net was affected positively by a SEK 8m earn-out revaluation connected to the subsidiary "Miljöbelysning". Operating cash flow was SEK -0.8m. The miss on numbers was driven by the Smart properties and Circular Energy segments.
Interest rate environment and mix effects weigh on sales
Situation has improved during the beginning of Q1
Q4 results
Net sales were SEK 86.9m (-9% vs. ABGSCe 95.3m), up 6% y-o-y. Company adj. EBITDA was 4.5m (ABGSCe 13.0m), and net profit was SEK 7.1m (ABGSCe 3.3m). The financial net was affected positively by a SEK 8m earn-out revaluation connected to the subsidiary "Miljöbelysning". Operating cash flow was SEK -0.8m. The miss on numbers was driven by the Smart properties and Circular Energy segments.