Sweden's Hexpol Q2 sales, operating profit beat estimates
Sweden's Hexpol Q2 sales, operating profit beat estimates
Overview
Sweden polymers group's Q2 sales rose and beat analyst expectations
Q2 EBIT also beat analyst expectations
Company's Q2 EBIT margin declined to 13.8% from 15.1% yr/yr
Outlook
Company did not provide specific guidance for future quarters or the full year in the press release
Result Drivers
ORGANIC SALES GROWTH - Co said Q2 results were driven by strong organic sales growth
Company press release: ID:nMFN4VWc3x
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | SEK 5.28 bln | SEK 5.02 bln (3 Analysts) |
Q2 EBIT | Beat | SEK 728 mln | SEK 712.67 mln (3 Analysts) |
Q2 EBIT Margin |
| 13.80% |
|
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 SEK82.00, about 10.4% above its July 17 closing price of SEK74.30
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 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.)