Sweden's HAKI Safety Q2 sales rise but FX hits net profit
Sweden's HAKI Safety Q2 sales rise but FX hits net profit
Overview
Sweden safety products maker's Q2 net sales rose 12% yr/yr, driven by organic growth
Adjusted EBITA for Q2 increased to SEK 30 mln from SEK 20 mln a year earlier
Q2 net income drops to SEK 10 mln from SEK 11 mln due to exchange rate effects
Result Drivers
ORGANIC GROWTH - Co said 11% organic growth was main driver of Q2 net sales increase
ACQUISITIONS/DIVESTMENTS - Acquisitions and divestments had a positive net impact on net sales of 1%
Company press release: ID:nMFNc2BGhr
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| SEK 363 mln |
|
Q2 Net Result after Tax |
| SEK 10 mln |
|
Q2 Adjusted EBITA |
| SEK 30 mln |
|
Q2 Cash Flow from Operating Activities |
| SEK 48 mln |
|
Q2 Operating Income |
| SEK 24 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Haki Safety AB is SEK29.00, about 54.3% above its July 14 closing price of SEK18.80
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 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.)