Overview
Life science group's preliminary Q4 revenue fell 4.5% organically, missing analyst expectations
Preliminary Q4 EBITA rose 6.7% to SEK 80 mln
Preliminary full-year net sales decreased 3.9% organically, but increased 1.5% with currency adjustments
Outlook
Company did not provide specific guidance for future quarters or years in the press release
Result Drivers
CURRENCY EFFECTS - Adjusted for currency effects, Q4 net revenue increased by 4.0% despite an organic decrease
EBITA GROWTH - Preliminary Q4 EBITA rose 6.7% to SEK 80 mln
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
SEK 422 mln
SEK 431 mln (2 Analysts)
Q4 EBITA
SEK 80 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"
Wall Street's median 12-month price target for ADDvise Group AB (publ) is SEK1.72, about 3.6% above its January 13 closing price of SEK1.66
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nMFN4D1GMX
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)