Sweden's Indutrade Q3 EBITA slightly beats estimates on strong order intake, pricing

Indutrade AB

Today 06:40

Overview
Sweden industrial group Q3 net sales rose 13% yr/yr, slightly missing analyst expectations
Q3 EBITA rose 19% and slightly beat analyst expectations
Order intake grew 16% yr/yr, with strongest gains in medical, energy and engineering segments

Outlook
Company says strong order backlog and acquisitions support outlook for coming quarters
Company notes ongoing economic uncertainty mainly due to geopolitical situation
Company says energy investments in Europe contribute to order backlog, with long project lead times

Result Drivers
SEGMENT DEMAND - Co said order intake growth was strongest in medical technology, pharmaceuticals, energy and engineering segments
ACQUISITIONS - Acquisitions contributed 8% to net sales growth in the quarter
PRICING AND ORGANIC GROWTH - Margin improvement attributed to organic sales growth and successful pricing efforts

Company press release: ID:nMFN7CXJ4Y

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Miss*
SEK 8.87 bln
SEK 8.90 bln (7 Analysts)
Q3 EPS
 
SEK 2.21
 
Q3 Net Income
 
SEK 804 mln
 
Q3 EBITA
Slight Beat*
SEK 1.36 bln
SEK 1.35 bln (6 Analysts)
Q3 EBITA Margin
 
15.30%
 
Q3 Orders
 
SEK 8.99 bln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Indutrade AB is SEK280.00, about 8.3% above its October 22 closing price of SEK258.60
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
Oct 22 - Sweden's Atlas Copco Q3 revenue slightly beats estimates, orders up 29%
Oct 22 - Sweden's Sandvik Q3 revenue beats estimates on order growth
Oct 22 - Finland's Metso Q3 orders jump as mining demand lifts minerals segment

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.)