Sweden's Beijer Alma Q3 revenue up 11%, order bookings rise 22%

Beijer Alma AB

Today 06:41

Overview
Sweden industrial components group's Q3 net revenue rose 11% yr/yr
Adjusted EBITA for Q3 increased 18% yr/yr
Q3 order bookings rose 22%, with 12% organic growth

Outlook
Company says market outlook remains stable after first three quarters
Company prioritizes profitable organic growth and disciplined acquisition strategy
Beijer Alma sees good prospects for further expansion through acquisitions

Result Drivers
ACQUISITIONS - Co said acquisitions contributed to net revenue growth, with Beijer Tech revenue growing 28%
COST CONTROL - Co attributed continued earnings improvement to cost control and resilience

Company press release: ID:nMFN6lg8TP

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Orders
 
SEK 2.16 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 SEK350.00, about 16.7% above its October 22 closing price of SEK300.00
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
Oct 22 - Sweden's Sandvik Q3 revenue beats estimates on order growth
Oct 22 - Sweden's Atlas Copco Q3 revenue slightly beats estimates, orders up 29%
Oct 23 - Sweden's Storskogen Q3 sales rise 4%, EBITA up 6%

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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.)