Overview
Sweden interior decoration firm's Q4 net sales fell 3% due to currency effects
Company's Q4 net profit rose to MSEK 17, driven by strategic initiatives
Board proposes increased dividend of SEK 1.50 per share
Outlook
Company sees strategic initiatives driving future growth
Company notes strong Swedish krona negatively impacts sales
Board proposes increased dividend due to solid financial position
Result Drivers
CURRENCY IMPACT - Strong Swedish krona negatively affected sales and earnings
STRATEGIC INITIATIVES - Progress in direct-to-consumer sales, international expansion, and hospitality contributed to results
GROSS MARGIN IMPROVEMENT - Gross margin increased to 61.8% from 60.7%
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
SEK 195 mln
SEK 197.60 mln (2 Analysts)
Q4 Adjusted EPS
SEK 0.72
Q4 Net Income
SEK 17 mln
Q4 EBITA
SEK 26 mln
Q4 Operating Cash Flow
SEK 42 mln
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the home furnishings peer group is "buy"
Wall Street's median 12-month price target for Embellence Group AB (publ) is SEK45.00, about 26.4% above its February 16 closing price of SEK35.60
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nMFNcb939r
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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.)