Sweden's Arjo Q2 revenue beats estimates on product demand
Sweden's Arjo Q2 revenue beats estimates on product demand
Overview
Sweden healthcare equipment firm's Q2 revenue grew 4.7% organically, beating analyst expectations
Adjusted EBITDA and adjusted EBIT for Q2 both beat analyst expectations
Company expanded management team and received SEK 22 mln initial US tariff refund
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
PRODUCT DEMAND - Co said high demand for its products and solutions drove organic growth in the quarter, per CEO Andréas Elgaard
MANAGEMENT TEAM EXPANSION - Co expanded management team to include five regional managers to enhance commercial focus and execution capabilities
US TARIFF REFUND - Co received initial SEK 22 mln refund related to US tariffs previously paid under IEEPA
Company press release: ID:nWkrblKwwd
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | SEK 2.76 bln | SEK 2.71 bln (5 Analysts) |
Q2 Adjusted EBITDA | Beat | SEK 482 mln | SEK 470 mln (4 Analysts) |
Q2 Adjusted EBIT | Beat | SEK 211 mln | SEK 196.82 mln (5 Analysts) |
Q2 Adjusted Free Cash Flow |
| SEK 257 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy."
Wall Street's median 12-month price target for Arjo AB (publ) is SEK30.00, about 12.5% above its July 13 closing price of SEK26.66
The stock recently traded at 13 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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Sweden's Arjo Q2 revenue beats estimates on product demand