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Sweden's SinterCast Q3 revenue rises on market recovery

By Reuters News


Overview

  • Sweden process control tech firm's Q3 revenue rose 46% yr/yr, driven by market recovery

  • Q3 operating result up 175% on higher production volumes and lower operating expenses

  • Recurring revenue made up over 91% of Q3 total, supporting strong operating margin


Outlook

  • SinterCast expects continued growth as market recovery accelerates in North America and Europe

  • Company anticipates new high-volume production programmes to start in early 2027

  • SinterCast expects average annual installation revenue in 2026–2027 to exceed SEK 8 mln


Result Drivers

  • SERIES PRODUCTION RECOVERY - Co said 19% yr/yr recovery in series production volumes was a primary driver of revenue and operating result growth

  • SAMPLING CUP SHIPMENTS - Co said 80% yr/yr increase in Sampling Cup shipments provided further evidence of rising production activity

  • LOWER OPERATING EXPENSES - Co attributed improved operating result and margin to continued focus on operational efficiency and organisation changes


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

SEK 34.30 mln

SEK 29 mln (1 Analyst)

Q3 EPS

SEK 1.74

Q3 EBIT

SEK 15.40 mln


Analyst Coverage

  • Wall Street's median 12-month price target for SinterCast AB is SEK108.50, about 3.3% above its November 3 closing price of SEK105.00

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago


Reuters Recommended Reads

  • Nov 3 - Sweden's Latour Q3 industrial profit jumps on sales volume

  • Nov 3 - Norma Group Q3 sales rise, profitability improves on new orders

  • Nov 3 - Manitowoc Q3 sales rise 10.9%, lifts full-year outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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