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ALIG — Alimak AB (publ) News Story

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Sweden's Alimak Q2 adjusted EBITA slightly beats estimates

Sweden's Alimak Q2 adjusted EBITA slightly beats estimates


Overview

  • Sweden vertical access solutions firm's Q2 adjusted EBITA slightly beat analyst expectations

  • Q2 revenue fell 2% yr/yr as market conditions remained challenging

  • Company completed Pro-Bel acquisition to strengthen Facade Access division


Outlook

  • Company did not provide specific guidance for future quarters or full-year results


Result Drivers

  • DIVISIONAL PERFORMANCE - Order intake increased in Wind, Construction and Height Safety & Productivity Solutions divisions, while Industrial and Facade Access divisions saw decreases

  • REVENUE MIX - Revenue grew in the Wind and Industrial divisions, but declined in the Construction division


Company press release: ID:nMFNcgXs42


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Slight Beat*

SEK 1.76 bln

SEK 1.75 bln (2 Analysts)

Q2 Adjusted EBITA

Slight Beat*

SEK 303 mln

SEK 302.73 mln (3 Analysts)

Q2 Adjusted EBITA Margin

0.17

Q2 Basic EPS

SEK 1.57

Q2 EBITA

SEK 301 mln

Q2 Operating Cash Flow

SEK 280 mln

Q2 Orders

SEK 1.74 bln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


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 SEK152.00, about 21.6% above its July 16 closing price of SEK125.00

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 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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