Sweden's Lifco Q2 sales and pretax profit top estimates on dental and systems solutions strength
Sweden's Lifco Q2 sales and pretax profit top estimates on dental and systems solutions strength
Overview
Sweden industrial and medical equipment group's Q2 net sales rose 10.8%, beating analyst expectations
Q2 pretax profit grew 17.7% and beat analyst expectations
Company consolidated four new businesses in H1, boosting annual sales by about SEK 500 mln
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
ACQUISITIONS - Co said acquisitions were a key driver of sales and profit growth, especially in Dental and Systems Solutions
ORGANIC GROWTH - Organic growth contributed to higher sales and improved profitability, notably in Environmental Technology and Transportation Products
NEGATIVE PRODUCT MIX - Demolition & Tools segment saw lower sales and margin due to weak demand for demolition robots and negative product mix
Company press release: ID:nMFN4TVW6h
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | SEK 7.70 bln | SEK 7.62 bln (6 Analysts) |
Q2 EPS |
| SEK 2.25 |
|
Q2 Net Income |
| SEK 1.04 bln |
|
Q2 Pretax Profit | Beat | SEK 1.39 bln | SEK 1.34 bln (5 Analysts) |
Q2 EBITA |
| SEK 1.78 bln |
|
Q2 EBITA Margin |
| 23.10% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "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 Lifco AB (publ) is SEK364.00, about 12.5% above its July 13 closing price of SEK323.60
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 32 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.)