Sweden's Berner Industrier Q2 sales rise on energy & environment growth
Sweden's Berner Industrier Q2 sales rise on energy & environment growth
Overview
Sweden-based sustainable tech group's Q2 net sales rose 17%, driven by organic and acquired growth
Q2 EBITA increased 25%, with margin improving to 9.6% from 9.0%
Order intake for Q2 grew 1.8% amid cautious market conditions
Outlook
Berner Industrier targets average EBITA growth of 15% going forward
Company sees market stabilization and increased order intake as positive signs for future demand
Result Drivers
ENERGY & ENVIRONMENT GROWTH - Strong sales growth of 40% and earnings growth of 19% in the Energy & Environment business area contributed significantly to results
ACQUISITIONS AND INTERNATIONAL EXPANSION - Recent acquisitions and international contracts, including new deals in France, Benelux and Asia, supported sales and order intake
INCREASED ORDER ACTIVITY - Order intake increased 1.8% overall, with a higher pace toward the end of the quarter as markets stabilized
Company press release: ID:nMFN7SRSPs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| SEK 319.90 mln |
|
Q2 Adjusted EPS |
| SEK 1.04 |
|
Q2 Adjusted Free Cash Flow |
| SEK 23 mln |
|
Q2 EBITA |
| SEK 30.70 mln |
|
Q2 EBITA Margin |
| 9.60% |
|
Q2 Orders |
| SEK 283.70 mln |
|
Analyst Coverage
The stock recently traded at 17 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.)