Business
Sweden's FlexQube Q1 sales jump 90%
Sweden's FlexQube Q1 sales jump 90%
About this update from Flexqube Ab
OverviewSweden modular material handling firm's Q1 net sales rose 90% yr/yr to record levelsEarnings improvement driven by higher volumes, robot business revenues, and cost disciplineResult DriversRECORD ORDER INTAKE - Orders from a major U.S.-based e-commerce and logistics customer drove a sharp increase in order intake, per company statementROBOT BUSINESS REVENUES - Increased share of design and service revenues from robot business, including Navigator AMR, supported earnings improvementSTART-UP COSTS - Product margin and earnings were negatively affected by start-up costs for volume production planned for Q2 and Q3, company saidCompany press release:Key DetailsMetricBeat/MissActualConsensus EstimateQ1 SalesSEK 55.90 mlnQ1 EPSSEK 0Q1 EBITSEK 1 mlnQ1 EBITDASEK 2.80 mlnQ1 Pretax Profit-SEK 100,000For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .