Overview
Norway packaging and insulation provider's Q1 sales rose 6% yr/yr on volume growth
Adjusted EBITDA for Q1 grew 44% yr/yr, supported by operational improvements
Packaging & Components segment delivered 14% sales growth and improved profitability
Outlook
Company expects improved profitability from cost optimisations and margin management initiatives going forward
Inventory levels expected to be reduced in Q2, supporting improved cash generation
Result Drivers
VOLUME GROWTH - Co said net sales rose 6% yr/yr due to volume growth in all segments
CIRCULAR SEGMENT TURNAROUND - Co said Circular segment delivered positive adjusted EBITDA due to increased recycled material activity, improved efficiency and lower cost base
Company press release: ID:nWkr2ng9rJ
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 198.60 mln
Q1 Adjusted EBITDA
EUR 22.20 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-paper containers & packaging peer group is "buy."
Wall Street's median 12-month price target for Bewi ASA is NOK19.00, about 33.8% above its May 6 closing price of NOK14.20
The stock recently traded at 62 times the next 12-month earnings vs. a P/E of 97 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.)