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ADDT B Addtech AB News Story

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Sweden's Addtech Q4 sales rise 2% on acquisitions boost

Overview

Sweden technical solutions group's fiscal Q4 sales rose 2% yr/yr but missed analyst expectations

Fiscal Q4 EBIT rose 16% yr/yr, beating analyst estimates

Company completed nine acquisitions during fiscal yr, contributing to sales growth

Outlook

Addtech did not provide specific guidance or forecasts for the upcoming period

Result Drivers

CUSTOMER ACTIVITY - Co said overall high customer activity supported results, though with variations between segments

DIVERSIFIED BUSINESS - Co cited its diversified business and strong positions in attractive niches as supporting performance

ACQUISITIONS - Co said nine acquisitions completed during the year contributed to sales growth

Company press release: ID:nWkrsCdG1

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 SalesMissSEK 5.86 blnSEK 6.05 bln (7 Analysts)
Q4 Adjusted EPSSEK 2.25
Q4 Net IncomeSEK 615 mln
Q4 EBITBeatSEK 862 mlnSEK 818.58 mln (7 Analysts)
Q4 EBITASEK 1.01 bln
Q4 EBITA Margin17.30%
Q4 EBIT Margin14.70%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the diversified industrial goods wholesale peer group is "buy" Wall Street's median 12-month price target for Addtech AB is SEK375.00, about 15.7% above its May 19 closing price of SEK324.20 The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 32 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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