Q2 results
Sales fell 3% y-o-y and were 7% below our estimate. With a margin of 6.9%, 0.2pp above our estimate, EBIT adj. was 4% below our estimate. EBIT included non-recurring items of SEK 1.9m in total, a retroactive repayment of electricity tax (+3.3m) and costs attributable to streamlining efforts (-1.4m). FMWT sales came in strong, +9% vs. ABGSCe, as a result of good progress in the company's projects and improved productivity. Decommissioning sales were -16% vs. ABGSCe, mainly due to increased competition and cost focus among customers. Scandpower sales, which tends to experience significant seasonal variation, came in -14% vs. ABGSCe.
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