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Ecoclime: Weaker Q4 sales but positive on outlook - ABG

ECC BThird party research16.02.2024 klo 10.27

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

Download report (PDF)
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.