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BEIA B Beijer Alma AB News Story

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Sweden's Beijer Alma Q1 revenue rises 4%, EBITA up 15.5%

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

MetricBeat/MissActualConsensus Estimate
Q1 RevenueSEK 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 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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