Picture of Bergman & Beving AB logo

BERG B Bergman & Beving AB News Story

0.000.00%
se flag iconLast trade - 00:00
IndustrialsAdventurousMid CapNeutral

Sweden's Bergman & Beving Q4 revenue misses analyst estimates

Overview

Sweden industrial solutions group's Q4 revenue fell and missed analyst expectations

Adjusted EBITA for Q4 rose 11% yr/yr, margin improved to 11.0%

Company completed one acquisition and divested Logistikpartner i Ulricehamn AB in Q4

Outlook

Company says it will continue to prioritize profit growth over volume growth

Bergman & Beving expects to continue improving margins, cash flow and earnings per share

Result Drivers

OPERATIONAL IMPROVEMENTS - Co said higher profits and improved profitability were driven by structural changes and a focus on operational improvements

PRODUCT MIX SHIFT - Co attributed improved gross margin to phasing out low-margin businesses and increasing share of proprietary products

DIVESTMENTS AND ACQUISITIONS - Co said divestments and acquisitions during the quarter and year helped streamline operations and strengthen long-term prospects

Company press release: ID:nMFN8ytFfn

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueMissSEK 1.27 blnSEK 1.29 bln (3 Analysts)
Q4 EPSSEK 3.30
Q4 Net IncomeSEK 91 mln
Q4 Operating Cash FlowSEK 74 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 18.7% above its May 12 closing price of SEK286.50 The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 25 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.)

Recent news on Bergman & Beving AB

See all news