Overview
Sweden logistics firm's Q4 net sales decreased, missing analyst expectations
Adjusted EBITA for Q4 increased, reflecting a higher margin
Adjusted result after tax for Q4 increased
Outlook
Company expects annual cost savings of around MSEK 232 from structural measures
Result Drivers
STRUCTURAL MEASURES - Co implemented structural measures to address a weaker market, aiming to improve margins and achieve annual cost savings of MSEK 232
NET SALES DECLINE - Co reported a decrease in net sales for Q4 and full year, citing weaker market conditions
ADJUSTED EBITA MARGIN - Co increased its adjusted EBITA margin in Q4 to 8.7% from 6.6% in the previous year
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
SEK 3.05 bln
SEK 3.23 bln (2 Analysts)
Q4 Adjusted EPS
SEK 1.77
Q4 Adjusted Net Income
SEK 65 mln
Q4 Adjusted EBITA
SEK 267 mln
Q4 Adjusted EBITA Margin
8.70%
Analyst Coverage
Wall Street's median 12-month price target for Elanders AB is SEK110.00, about 61.8% above its January 27 closing price of SEK68.00
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nMFN1fsD30
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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.)