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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
SEK 2.36 bln
SEK 2.32 bln (2 Analysts)
Q1 Gross Margin
40.80%
Q1 Adjusted EBITA
SEK 113 mln
Q1 Adjusted EBITA Margin
4.80%
Q1 EBIT
SEK 79 mln
Q1 EBIT Margin
3.40%
Q1 Organic Growth
4.90%
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.)