FlexQube (FLEXQ) investor relations material

Executive summary

• Record Q3 net sales of SEK 205.8m and EBITDA of SEK 54.7m; increased deliveries from major projects drove the sharp improvement in earnings.

• The robotic platform was the main growth driver, with robot sales of SEK 127m, just over 60% of total sales.

• Major project deliveries were concentrated in Q3; results remain sensitive to project timing and product mix, while management is working to broaden customer relationships and build recurring aftermarket revenue.

Financial highlights

• Q3 order intake rose 82.5% YoY to SEK 73.2m; excluding FX fluctuations, it increased 90.7%.

• Q3 net sales increased 1,080.9% YoY to SEK 205.8m; excluding FX fluctuations, growth was 1,137.2%.

• Q3 EBITDA was SEK 54.7m versus a loss of SEK 8.3m; EBIT was SEK 52.6m versus a loss of SEK 10.6m, and net income was SEK 48.6m versus a loss of SEK 11.0m.

• 9M order intake rose 311.8% to SEK 367.4m and net sales rose 357.7% to SEK 316.4m; EBITDA was SEK 47.7m and net income SEK 35.9m.

• Q3 EPS was SEK 2.8 versus a loss of SEK 0.8; 9M EPS was SEK 2.1 versus a loss of SEK 2.2.

Outlook and guidance

• Pipeline includes later phases at the largest customer and new opportunities; AMR quotations have increased in the U.S., Mexico, and Europe.

• Converting pipeline opportunities depends on customer evaluations and investment decisions; further rollout at the largest customer is also subject to evaluation and commercial decisions.

• Priorities include successful site installations, stable operations, growing aftermarket activity, and more long-term customer relationships.