Overview
Sweden logistics firm's Q1 net sales declined yr/yr, with organic growth of 1%
Adjusted EBITA for Q1 rose 29% yr/yr, margin improved to 6.2%
Adjusted EPS for Q1 turned positive, reaching SEK 0.64 per share
Outlook
Company did not provide specific guidance or outlook in the press release in its press release
Result Drivers
ORGANIC GROWTH - Co said organic growth was 1% yr/yr, or 2% excluding Air & Sea business
MARGIN IMPROVEMENT - Adjusted EBITA margin rose to 6.2% from 4.1% yr/yr
Company press release: ID:nMFN2mp8jr
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
SEK 2.77 bln
SEK 2.73 bln (2 Analysts)
Q1 Adjusted EPS
SEK 0.64
Q1 Adjusted Net Income
SEK 23 mln
Q1 Adjusted EBITA
SEK 172 mln
Q1 Adjusted EBITA Margin
6.20%
Analyst Coverage
Wall Street's median 12-month price target for Elanders AB is SEK97.50, about 89% above its April 22 closing price of SEK51.60
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 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.)