Sweden's Magle Chemoswed Q2 revenue rises on improved production efficiencies
Sweden's Magle Chemoswed Q2 revenue rises on improved production efficiencies
Overview
Sweden contract manufacturing firm's Q2 revenue rose yr/yr, EBITDA turned positive
Company remains loss-making due to non-recurring restructuring costs
Outlook
Company expects turnaround to take 12 to 18 months from initial announcement
Magle Chemoswed says continued operation depends on recapitalisation agreement implementation
Result Drivers
PRODUCTION EFFICIENCIES - Co said improved production efficiencies supported revenue recovery in Q2
RESTRUCTURING COSTS - Co said substantial non-recurring restructuring costs weighed on Q2 results
Company press release: ID:nMFNKkfSh
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Total Revenue |
| SEK 74.60 mln |
|
Q2 Net Loss |
| SEK 17 mln |
|
Q2 EBIT |
| -SEK 13.10 mln |
|
Q2 EBITDA |
| SEK 1.50 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Magle Chemoswed Holding AB is SEK3.00, about 500% above its August 10 closing price of SEK0.50
The stock recently traded at 0 times the next 12-month earnings vs. a P/E of 3 three months ago
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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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Sweden's Magle Chemoswed Q2 revenue rises on improved production efficiencies