Overview
Swedish 3D printer maker's Q1 net sales rose 116% yr/yr, driven by prior order execution
Company received one machine order and three project orders, ending Q1 with SEK 12 mln order book
Q1 operating loss widened to SEK 26.5 mln from SEK 24.1 mln last year
Outlook
Freemelt says current order book of SEK 12 mln provides base for future order conversion
Company expects continued growth in fusion energy through new collaborations and project engagements
Freemelt sees ongoing commercialization focus in Europe, North America and Asia
Result Drivers
ORDER EXECUTION - Co said Q1 sales growth was mainly driven by execution of previously won orders and progress in key customer projects
NEW ORDERS - Co received one machine order and three project orders during the quarter, supporting its order book and ongoing projects
FUSION ENERGY PROJECTS - Co said it strengthened its position in fusion energy through new collaborations and project engagements
Company press release: ID:nMFNTq5yC
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 6.33 mln
Q1 EBIT
-SEK 26.48 mln
Analyst Coverage
Wall Street's median 12-month price target for Freemelt Holding AB (publ) is SEK1.50, about 3.4% above its May 4 closing price of SEK1.45
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.)