Headline Ebit missed by 25% on worse price/mix than expected, while revenue came in 5% below expectations due to headwinds from lower contract manufacturing, they say. Free cash flow is around SEK5 billion worse than consensus due to seasonality, ramp-up of the EX30 SUV and cars under repurchase contracts. The gap between electric vehicle and combustion engine margins improved, and full-year volume and free cash flow guidance is unchanged, they say.
Yahoo! Finance: HA News
