Sweden's BHG Q3 sales and profit rise on organic growth, currency impact
Sweden's BHG Q3 sales and profit rise on organic growth, currency impact
Overview
Sweden online home improvement retailer's Q3 net sales rose 11.7%, organic growth at 9.3%
Adjusted EBIT up 32.3% yr/yr, margin increased to 4.2%
Company completed Hillerstorp acquisition to strengthen core categories
Outlook
Company reiterates short-term target of 5% adjusted EBIT margin
Company to continue scaling AI-driven solutions across the group
Result Drivers
ORGANIC GROWTH AND CURRENCY - Co said net sales growth was driven by organic growth and positive currency effects
COST CONTROL - Co attributed improved profitability to effective cost control
ACQUISITION IMPACT - Co said Hillerstorp acquisition supports strategy to strengthen core categories
Company press release: ID:nMFNBDrJv
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted EBIT Margin |
| 4.20% |
|
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 SEK28.00, about 28.9% above its October 22 closing price of SEK21.72
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
Oct 22 - Sweden's Cdon Q3 GMV rises 18%, sales up 3%
Oct 22 - Sweden's Kjell Group Q3 sales rise as profit improves
Oct 22 - Sweden's Dometic Q3 sales rise and beat estimates
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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.)