SinterCast AB (publ) provided installation revenue guidance for the full year 2022. Following three strong years for installation revenue, with consecutive records in 2019 and 2020 and a strong finish in 2021, many of the opportunities in the installation pipeline have been realised. This, together with the Covid-induced reduction in capital expenditure in the foundry industry has resulted in a below average outlook for installation revenue in 2022.

Installation revenue in the first half of the year finished at SEK 1.0 million, primarily from the sale of spare parts. The outlook for the second half of the year is similarly modest, despite the planned installation of a Ladle Tracker system at the Teksid foundry in Monclova, Mexico during the fourth quarter.