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.)
Recent news on Impact Coatings AB (publ)
See all newsSweden's Impact Coatings Q3 net sales more than double
Brief: Impact Coatings Says Cost Base Is Lower Than A Year Ago
Brief: Impact Coatings Moving Forward Toward Final Supply Agreement
Brief: Impact Coatings Wins Romanian Tender for Fuel Cell Coating System
Brief: Impact Coatings Sees Increased Demand In China