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FREEM — Freemelt Holding AB (publ) News Story

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Sweden's Freemelt Q1 net sales jump 116%

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

MetricBeat/MissActualConsensus Estimate
Q1 SalesSEK 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.)

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