Sweden's KB Components Q2 net sales rise 6% yr/yr
Sweden's KB Components Q2 net sales rise 6% yr/yr
Overview
Sweden polymer component maker's Q2 net sales rose 6% yr/yr to 737 mln SEK
Adjusted EPS for Q2 fell to SEK 0.50 from SEK 0.53 yr/yr
Company cites stable growth in Asia and Europe, with North America volumes improving late in Q2
Outlook
Company expects improved North American volumes as Canadian unit ramps up Rivian R2 production
KB Components expects European operating profit to improve after production relocation completes in December 2026
Company is relocating labor-intensive North American production from Canada to Mexico to improve efficiency
Result Drivers
REGIONAL GROWTH - Co cited stable growth in Asia and Europe
PRODUCTION RAMP-UP - North America volumes improved late in Q2 as Canadian unit ramped up production for Rivian's R2 model
STRUCTURAL PROJECTS - Co said ongoing relocation of production in Europe and shift of labor-intensive operations from Canada to Mexico are aimed at improving profitability
Company press release: ID:nMFN9Nfv40
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Sales |
| SEK 737 mln | SEK 762.65 mln (2 Analysts) |
Q2 Adjusted EPS |
| SEK 0.50 |
|
Q2 EPS |
| SEK 0.41 |
|
Q2 Adjusted Net Income |
| SEK 25 mln |
|
Q2 Adjusted EBITDA |
| SEK 95 mln |
|
Q2 Adjusted Operating Profit |
| SEK 52 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commodity chemicals peer group is "buy."
Wall Street's median 12-month price target for KB Components AB is SEK51.50, about 15.5% above its August 18 closing price of SEK44.60
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.)