Q3 net sales grew 11% y/y to SEK 20.4m (SEBe: 22.6m), driven by sales of production equipment to Frencken and product sales to Valeo. EBIT ex. associate company income of SEK -16.9m is down y/y and lower than SEBe at SEK -4m. This is associated to a step up in opex related to its production ramp up, higher COGS and general opex investments. CEO Jonas Ehinger states it sees continued enquiries coming in, despite the uncertain environment in the automotive industry.
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