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Sweden's SaltX Q3 net sales fall sharply, loss widens

By Reuters News


Overview

  • Sweden greentech firm's Q3 net sales fell sharply yr/yr due to prior one-off payment

  • Company's Q3 operating loss widened compared to last year

  • SaltX advanced industrial electrification projects with Holcim and Groupe Pigeon during the quarter


Outlook

  • SaltX plans to advance multiple customer projects toward commercial installations in 2027 and beyond

  • Company aims to begin construction of electrified lime plant with Groupe Pigeon in 2028

  • SaltX and Holcim target pilot plant implementation for electrified cement in Europe by 2028


Result Drivers

  • PROJECT EXPANSION - Co said it is advancing several customer projects in parallel across lime and cement sectors to broaden its commercial base and support future growth

  • HOLCIM PARTNERSHIP - SaltX completed industrial testing for electrified cement calcination with Holcim, meeting all targets and moving toward a pilot plant in Europe

  • TECHNOLOGY SCALE-UP - Co installed its first Multiplasma reactor and is scaling up EAC technology for higher capacity and broader industrial applications


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Miss

SEK 800,000

SEK 10 mln (1 Analyst)

Q3 Adjusted Loss Per Share

SEK 0.09

Q3 EBIT

-SEK 19.50 mln

Q3 Operating Cash Flow

-SEK 14.30 mln


Analyst Coverage

  • Wall Street's median 12-month price target for SaltX Technology Holding AB (publ) is SEK5.75, about 51.9% above its November 4 closing price of SEK3.79


Reuters Recommended Reads

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

  • Nov 4 - Sweden's SinterCast Q3 revenue rises on market recovery

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


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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