Overview
Nordic workwear firm's Q4 revenue rose 2.7% to MSEK 2,660 mln
Adjusted EBITA for Q4 increased to MSEK 239 mln, with margin rising to 9.0%
Company acquired 70% of Norwegian product media firm, expanding regional presence
Outlook
Company sees early signs of economic upturn, potential for organic growth
Result Drivers
STABILIZED DEMAND - CEO noted stabilized market demand enabled organic growth during the quarter
CASH FLOW IMPROVEMENT - Strong cash flow and positive profit trend reduced net operational liabilities, per CEO
REGIONAL EXPANSION - Acquisition of Norwegian firm expanded Alligo's regional presence
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Meet
SEK 2.66 bln
SEK 2.66 bln (1 Analyst)
Q4 Gross Margin
41.8%
Q4 Adjusted EBITA
SEK 239 mln
Q4 Adjusted EBITA Margin
9%
Q4 EBIT
SEK 202 mln
Q4 EBIT Margin
7.6%
Q4 Organic Growth
0.5%
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Alligo AB is SEK165.00, about 32% above its February 12 closing price of SEK125.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nMFN1rCx3q
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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.)