Sweden's Bergman & Beving Q1 EBITA rises on strength in Core Solutions, Safety Technology divisions
Sweden's Bergman & Beving Q1 EBITA rises on strength in Core Solutions, Safety Technology divisions
Overview
Sweden industrial solutions group's fiscal Q1 revenue was flat yr/yr, EBITA rose 9%
Company reported improved EBITA margin and higher operating cash flow
Outlook
Company expects demand to gradually pick up in 2026, with delayed impact on invoicing
Bergman & Beving says it is maintaining its direction of organic growth and acquisitions
Company believes it is well equipped for profitable growth as economy and construction market recover
Result Drivers
DIVISIONAL PERFORMANCE - Core Solutions and Safety Technology divisions delivered increased profit and stronger margins
MACHINERY & EQUIPMENT WEAKNESS - Division saw weaker revenue and lower earnings due to delayed customer investments, less favourable business mix and non-recurring costs
COST MITIGATION - Co said it mitigated rising raw material, energy and shipping costs through decentralized decision-making
Company press release: ID:nMFN1RYj2c
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 EBITA |
| SEK 142 mln |
|
Q1 EBITA Margin |
| 10.70% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 Bergman & Beving AB is SEK340.00, about 7.6% above its July 15 closing price of SEK316.00
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 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.)