Overview
Sweden industrial group reported Q1 net revenue up 4% yr/yr, with 2% organic growth
Adjusted EBITA for Q1 rose, margin improved to 16.0%
Company says profitability improved due to action plan in Beijer Components
Outlook
Company aims to grow in existing and new markets and niches through acquisitions
Beijer Alma plans to intensify acquisition-driven growth, initially focusing on the European market
Company notes ongoing economic uncertainty due to the geopolitical situation
Result Drivers
ORGANIC GROWTH - Co said group net revenue and order bookings grew organically, with Beijer Tech segment revenue up 21%, 6% organically
PROFITABILITY ACTIONS - Adjusted EBITA margin improved, largely due to action plan in Beijer Components
DISCONTINUED BUSINESSES - Beijer Components revenue decreased partly due to discontinuing less profitable businesses
Company press release: ID:nMFN3QsDBQ
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 2.03 bln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 Beijer Alma AB is SEK305.00, about 11.3% above its April 23 closing price of SEK274.00
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago
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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.)