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ALLIGO B Alligo AB News Story

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Sweden's Alligo Q1 revenue rises 5.6%, profit improves

Overview

Sweden workwear and tools supplier's Q1 revenue rose 5.6% yr/yr, organic growth 4.9%

Adjusted EBITA for Q1 increased to SEK 113 mln, profit improved yr/yr

Company signed two acquisitions and announced logistics centre expansion after quarter end

Outlook

Alligo did not provide specific financial guidance for the current quarter or full year

Result Drivers

SALES FOCUS - Co said prioritizing sales contributed to organic growth and improved profit in Q1, according to CEO

ACQUISITIONS - Co continued acquisition strategy, signing agreements to acquire Svets & Robotteknik i Småland AB and Svetsexperten i Kalmar AB after quarter end

LOGISTICS EXPANSION - Co announced plans to expand logistics centre to support future growth

Company press release: ID:nMFN5CXhpz

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeatSEK 2.36 blnSEK 2.32 bln (2 Analysts)
Q1 Gross Margin40.80%
Q1 Adjusted EBITASEK 113 mln
Q1 Adjusted EBITA Margin4.80%
Q1 EBITSEK 79 mln
Q1 EBIT Margin3.40%
Q1 Organic Growth4.90%
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 SEK166.50, about 20.8% above its April 23 closing price of SEK137.80 The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 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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