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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
SEK 4.77 bln
SEK 4.90 bln (3 Analysts)
Q1 EPS
SEK 1.47
Q1 Net Income
SEK 507 mln
Q1 EBIT
Miss
SEK 701 mln
SEK 728.67 mln (3 Analysts)
Q1 EBIT Margin
14.70%
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.)