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ALIG Alimak AB (publ) News Story

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Sweden's Alimak Q1 adjusted EBITA falls less than expected

Overview

Sweden vertical access solutions firm's Q1 revenue fell 5% but met analyst expectations

Adjusted EBITA declined 8% but beat analyst estimates

Order intake dropped 11% and cash flow from operations fell sharply

Outlook

Company did not provide specific guidance or outlook for future quarters or the full year

Result Drivers

DIVISIONAL PERFORMANCE - Organic revenue growth in Wind, Industrial and Height Safety & Productivity Solutions divisions partly offset declines in Construction division

ORDER INTAKE WEAKNESS - Overall order intake fell, driven by declines in Construction and Height Safety & Productivity Solutions divisions

Company press release: ID:nMFN7K8M4v

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueMeetSEK 1.65 blnSEK 1.65 bln (3 Analysts)
Q1 Adjusted EBITABeatSEK 275 mlnSEK 267.37 mln (3 Analysts)
Q1 Basic EPSSEK 1.39
Q1 EBITASEK 275 mln
Q1 Operating Cash FlowSEK 75 mln
Q1 OrdersSEK 1.79 bln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the heavy machinery & vehicles peer group is "buy" Wall Street's median 12-month price target for Alimak Group AB (publ) is SEK149.50, about 27.6% above its April 27 closing price of SEK117.20 The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 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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