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IMPC — Impact Coatings AB (publ) News Story

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Sweden's Impact Coatings Q2 sales rise on Coating Services unit strength

Sweden's Impact Coatings Q2 sales rise on Coating Services unit strength


Overview

  • Sweden PVD coating provider's Q2 net sales grew yr/yr, driven by Coating Services

  • Total Q2 revenue declined yr/yr due to weaker activity in China

  • Company secured two system orders and order backlog for coating systems rose to SEK 29.4 mln


Outlook

  • Company maintains strategic focus on energy segment and Coating Services as stable revenue base

  • Company says automotive segment remains cautious amid weaker industry development

  • Company to focus on cost control, cash flow, and improving margins alongside sales efforts


Result Drivers

  • COATING SERVICES GROWTH - Co said Q2 net sales increase was driven by higher volumes in Coating Services

  • NEW SYSTEM ORDERS - Co received two INLINECOATER IC500 system orders in Q2, attributed to delivery capacity and customization

  • WEAK CHINA ACTIVITY - Co said activity in China was weaker than expected, impacting total revenue


Company press release: ID:nMFN5RyyMM


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

SEK 9.70 mln

Q2 Operating Profit

-SEK 13 mln


Reuters Recommended Reads

  • Aug 19 - SinterCast Q2 revenue falls on lower vehicle output

  • Aug 19 - Sweden's Latour Q2 sales rise on strong industrial demand

  • Aug 19 - Sweden's Idun Industrier Q2 sales rise on acquisitions


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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