Picture of Hexpol AB logo

HPOL B Hexpol AB News Story

0.000.00%
se flag iconLast trade - 00:00
Basic MaterialsBalancedMid CapContrarian

Sweden's Hexpol Q1 sales miss estimates on currency impact

Overview

Sweden polymers group's Q1 sales and EBIT missed analyst expectations, both declined yr/yr

Adjusted EPS for Q1 fell yr/yr, impacted by strong SEK and price/product mix

Company reorganized into three business areas, previously reported two

Outlook

Company did not provide specific guidance for the current qtr or full yr in its press release

Result Drivers

VOLUME GROWTH - Co said volumes increased in its largest end customer segments despite a turbulent global environment

CURRENCY IMPACT - Co said results were weighed down primarily by a strong Swedish currency

PRICE AND PRODUCT MIX - Co said price and product mix developments negatively affected results

Company press release: ID:nMFN9Y556X

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesMissSEK 4.77 blnSEK 4.90 bln (3 Analysts)
Q1 EPSSEK 1.47
Q1 Net IncomeSEK 507 mln
Q1 EBITMissSEK 701 mlnSEK 728.67 mln (3 Analysts)
Q1 EBIT Margin14.70%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell" The average consensus recommendation for the specialty chemicals peer group is "buy" Wall Street's median 12-month price target for Hexpol AB is SEK85.00, about 13.1% above its April 30 closing price of SEK75.15 The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 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.)

Recent news on Hexpol AB

See all news