Swedish logistics firm Elanders Q3 net sales rise 6%
Swedish logistics firm Elanders Q3 net sales rise 6%
Overview
Sweden logistics provider's Q3 net sales rose 6% yr/yr, showing organic growth
Adjusted EBITA was flat, margin declined to 6.9% from 7.3%
Adjusted result after tax fell to SEK 40 mln from SEK 45 mln
Outlook
Company did not provide specific guidance for future quarters or the full year in the press release
Result Drivers
ORGANIC GROWTH - Co said Q3 net sales rose 6% yr/yr on organic growth, excluding acquisitions and discontinued operations
STRUCTURAL MEASURES - One-off costs related to structural changes in Print & Packaging Solutions affected operating profit
STRONG CASH FLOW - Co reported increased operating cash flow and higher cash conversion in Q3
Company press release: ID:nMFN5GhPnX
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | SEK 3.05 bln | SEK 2.95 bln (2 Analysts) |
Q3 Adjusted EBITA |
| SEK 210 mln |
|
Q3 Adjusted EBITA Margin |
| 6.90% |
|
Analyst Coverage
Wall Street's median 12-month price target for Elanders AB is SEK97.50, about 91.9% above its October 22 closing price of SEK50.80
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago
Reuters Recommended Reads
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Oct 23 - Sweden's Momentum Group Q3 revenue up 8% on Industry business strength
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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.)