SinterCast Q2 revenue falls on lower vehicle output
SinterCast Q2 revenue falls on lower vehicle output
Overview
Sweden process control tech supplier's Q2 revenue fell 12% yr/yr on lower vehicle production
Q2 operating result and EPS both declined from a year earlier
Company secured new high-volume commercial vehicle order, with production to start in early 2027
Outlook
SinterCast expects higher production volumes towards end-H2 2026 and into 2027
Company maintains long-term target of eight mln Engine Equivalents by 2031
SinterCast aims for annual revenue above SEK 200 mln and 40% operating margin by 2028
Result Drivers
LOWER VEHICLE PRODUCTION - Co said lower commercial vehicle production volumes weighed on revenue and operating result
ADVERSE EXCHANGE RATES - Co said negative currency movements reduced revenue and operating result
PRICE ADJUSTMENTS - Co said successful price increases partly offset currency impact
Company press release: ID:nMFN8K8NMy
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| SEK 27.40 mln |
|
Q2 EPS |
| SEK 0.82 |
|
Q2 EBIT |
| SEK 7.40 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for SinterCast AB is SEK95.00, about 11.2% below its August 18 closing price of SEK107.00
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago
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(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.)