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Sweden's FlexQube Q3 sales jump, swings to profit on project deliveries

By Reuters News


Overview

  • Sweden material handling tech firm's Q3 net sales surged over 1,080% yr/yr on major project deliveries

  • Q3 earnings per share rose to SEK 2.8 from a loss a year earlier

  • Company says robotic platform sales and project completions drove record results


Outlook

  • Company says project pipeline remains extensive, supporting growth opportunities

  • FlexQube sees increased AMR project opportunities in the US, Mexico, and Europe

  • Company says timing and scope of new orders depend on customer evaluations and investment decisions


Result Drivers

  • ROBOTIC PLATFORM SALES - FlexQube said sales of its Navigator AMR robotic platform accounted for just over 60% of Q3 sales and drove substantial growth

  • MAJOR PROJECT DELIVERIES - Co said a significant share of major projects ordered earlier in the year were delivered in Q3, boosting net sales

  • AFTERMARKET AND SERVICE SALES - Co said growing installed base led to increased service and aftermarket sales, with follow-on orders totaling about SEK 22 mln in Q3


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

SEK 205.80 mln

Q3 EPS

SEK 2.80

Q3 EBIT

SEK 52.60 mln

Q3 EBITDA

SEK 54.70 mln

Q3 Pretax Profit

SEK 48.70 mln


Reuters Recommended Reads

  • Oct 28 - Sweden's Peab Q3 sales rise on strength in all four business areas

  • Oct 28 - Sweden's Epiroc Q3 revenue up 10% on mining demand

  • Oct 28 - Electrolux Professional Q3 net sales rise on laundry segment growth


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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