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LAGR B Lagercrantz AB News Story

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Sweden's Lagercrantz Q4 EBITA rises more than expected on acquisitions boost

Overview

Sweden tech group's fiscal Q4 revenue rose 13%, meeting analyst expectations

Fiscal Q4 EBITA grew 20%, beating analyst estimates

Company raised annual dividend by 14% and completed eight acquisitions during the year

Outlook

Company did not provide specific guidance or outlook for the current quarter or full year

Result Drivers

ACQUISITIONS - Eight acquisitions during the year contributed to revenue growth

ORGANIC GROWTH - Organic growth accounted for 6% of Q4 revenue increase

Company press release: ID:nMFN69TCVT

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueMeetSEK 2.83 blnSEK 2.83 bln (6 Analysts)
Q4 Net IncomeSEK 364 mln
Q4 EBITABeatSEK 536 mlnSEK 515.75 mln (4 Analysts)
Q4 Adjusted Free Cash FlowSEK 410 mln
Q4 EBITA Margin19.00%
Q4 Pretax ProfitSEK 438 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the consumer goods conglomerates peer group is "buy" Wall Street's median 12-month price target for Lagercrantz Group AB is SEK272.50, about 14.2% above its May 18 closing price of SEK238.60 The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 31 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.)

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