Publicerat: 2019-11-15 09:37:24

Motion Display: Solid Q3 sales, but GM hurt by US tariffs - Introduce

"Motion Display (MODI) followed Q2’s strong order intake by delivering Q3 sales of SEK 12.6m (+23% y-o-y), which was 6% above our forecast. Although this was a record Q3 in terms of sales, the EBIT margin contracted to 3.4% (8.6% in Q3’18), due to the combination of a lower gross margin and increased opex. As such, EBIT fell SEK 0.8m (or 65%) short of our expectation. Order intake amounted to SEK 6.9m (-14% y-o-y), which resulted in an order book of SEK 4.3m by the end of Q3. Here, we note that MODI received an order on the German market (with a value of SEK 1.3m) after the quarter."

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