Overview
Sweden network infrastructure provider's Q1 net sales fell 10% yr/yr
Adjusted EBITA rose 0.6% and margin improved to 7.2%
Operating cash flow increased to SEK 30 mln from SEK 10 mln
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
EXCHANGE RATE EFFECTS - Adjusted EBITA was affected by unrealised exchange rate gains and the reversal of contingent considerations
MARGIN IMPROVEMENT - Gross margin and adjusted EBITA margin both increased compared to the prior year
Company press release: ID:nMFN7v1hTm
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
SEK 0.43
Q1 Net Income
SEK 10.50 mln
Q1 Gross Margin
26.90%
Q1 Adjusted Free Cash Flow
SEK 30.10 mln
Q1 EBITA
SEK 23.70 mln
Analyst Coverage
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 12 three months ago
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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.)