Overview
Sweden modular material handling firm's Q1 net sales rose 90% yr/yr to record levels
Earnings improvement driven by higher volumes, robot business revenues, and cost discipline
Result Drivers
RECORD ORDER INTAKE - Orders from a major U.S.-based e-commerce and logistics customer drove a sharp increase in order intake, per company statement
ROBOT BUSINESS REVENUES - Increased share of design and service revenues from robot business, including Navigator AMR, supported earnings improvement
START-UP COSTS - Product margin and earnings were negatively affected by start-up costs for volume production planned for Q2 and Q3, company said
Company press release:
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 55.90 mln
Q1 EPS
SEK 0
Q1 EBIT
SEK 1 mln
Q1 EBITDA
SEK 2.80 mln
Q1 Pretax Profit
-SEK 100,000
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