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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Meet
SEK 1.65 bln
SEK 1.65 bln (3 Analysts)
Q1 Adjusted EBITA
Beat
SEK 275 mln
SEK 267.37 mln (3 Analysts)
Q1 Basic EPS
SEK 1.39
Q1 EBITA
SEK 275 mln
Q1 Operating Cash Flow
SEK 75 mln
Q1 Orders
SEK 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.)