Sweden's BHG Q2 sales rise 10.2%, profitability improves
Sweden's BHG Q2 sales rise 10.2%, profitability improves
Overview
Sweden e-commerce retailer's Q2 net sales rose 10.2% yr/yr, organic growth 9.6%
Adjusted EBIT for Q2 improved to SEK 134.3 mln, adjusted EPS declined yr/yr
Company acquired Hillerstorp and partnered with Algorithma for AI-driven solutions
Outlook
Company did not provide specific guidance or financial forecasts for the current or future periods
Result Drivers
ACQUISITION - Co said acquisition of Hillerstorp will strengthen position in outdoor furniture and expand proprietary brands
AI INITIATIVES - Partnership with Algorithma to accelerate AI-driven solutions aimed at improving customer experience and operational efficiency
Company press release: ID:nMFN98nQ8j
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | SEK 3.03 bln | SEK 2.94 bln (2 Analysts) |
Q2 Adjusted EPS |
| SEK 0.31 |
|
Q2 Adjusted EBIT |
| SEK 134.30 mln |
|
Q2 Adjusted EBIT Margin |
| 4.40% |
|
Q2 Organic Growth |
| 9.60% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for BHG Group AB is SEK33.00, about 43.6% above its July 16 closing price of SEK22.98
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 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.)