Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
SinterCast AB ( (SE:SINT) ) has provided an announcement.
SinterCast AB reported a 10% increase in series production for the second quarter, reaching 3.4 million Engine Equivalents, despite a 15% year-on-year decline due to previous program stoppages and low commercial vehicle sales. The company announced new commercial vehicle programs, contributing over 500,000 Engine Equivalents annually, supporting future growth targets. Strong sales of consumables and promising installation activities in India, Brazil, and China indicate a positive outlook for installation revenue, positioning SinterCast for recovery and growth in the near term.
More about SinterCast AB
SinterCast AB is a leading supplier of process control technology for the high-volume production of Compacted Graphite Iron (CGI), which is stronger, stiffer, and more durable than conventional iron. The company provides solutions for manufacturing and transportation to the global foundry and automotive industries, contributing to significant CO2 reduction. SinterCast is publicly traded on the Nasdaq Stockholm stock exchange.
Average Trading Volume: 4,474
Current Market Cap: SEK805.7M
Learn more about SINT stock on TipRanks’ Stock Analysis page.