Gapwaves Q1: Growing strongly and progressing well towards start of production - SEB
Idag, 10:01
Idag, 10:01
Net sales grew 46% y/y to SEK 22.8m, 14% above SEBe at SEK 20m. This growth was driven partly by production equipment sales as well as four tier 1 suppliers, incl. Hella and Valeo. EBIT excl ACI loss was smaller than expected at SEK -4.2m vs SEBe at SEK -9.7m. This was driven by higher sales, other operating income and solid cost control. CEO Jonas Ehinger states that while uncertainty in the market has increased, it has not seen any impact to projects or discussions.
SEB Research
This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.
Idag, 10:01
Net sales grew 46% y/y to SEK 22.8m, 14% above SEBe at SEK 20m. This growth was driven partly by production equipment sales as well as four tier 1 suppliers, incl. Hella and Valeo. EBIT excl ACI loss was smaller than expected at SEK -4.2m vs SEBe at SEK -9.7m. This was driven by higher sales, other operating income and solid cost control. CEO Jonas Ehinger states that while uncertainty in the market has increased, it has not seen any impact to projects or discussions.
SEB Research
This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.
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