Sweden's Elanders Q2 net sales fall; appoints new CEO
Sweden's Elanders Q2 net sales fall; appoints new CEO
Overview
Sweden logistics firm's Q2 net sales fell yr/yr, with 3% organic growth
Adjusted EBITA for Q2 rose 8% to MSEK 181, margin improved to 6.2%
Company to appoint new CEO Florian Beck, replacing Magnus Nilsson from Sept 2026
Outlook
Company did not provide specific guidance or outlook for future periods
Result Drivers
ORGANIC GROWTH - Co said Q2 organic growth was 3% yr/yr, excluding acquisitions, discontinued operations, and currency effects
ONE-OFF ITEMS - Operating profit was impacted by one-off items of MSEK -4, related to management changes in a subsidiary
Company press release: ID:nMFN9bkXW5
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | SEK 2.92 bln | SEK 2.79 bln (2 Analysts) |
Q2 Adjusted Net Income |
| SEK 20 mln |
|
Q2 Adjusted EBITA |
| SEK 181 mln |
|
Q2 Adjusted EBITA Margin |
| 6.20% |
|
Analyst Coverage
Wall Street's median 12-month price target for Elanders AB is SEK97.50, about 103.1% above its July 14 closing price of SEK48.00
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 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.)