Overview
Sweden health products maker's Q1 net sales fell 4.7% yr/yr
Company's margins improved on favorable product mix and cost savings
Company agreed to acquire Risenta, a leading Swedish healthy food brand
Outlook
Company says external environment remains highly uncertain due to geopolitical tensions in the Middle East
Midsona expects working capital to normalise in the second quarter
Company is developing a long-term plan for Spanish operations, including possible rebuilding of the facility
Result Drivers
COST SAVINGS - Fully implemented savings programme reduced cost base, supporting improved operating margin
PRODUCT MIX & PRICING - Improved gross margin driven by favorable product mix, positive net price effect, and increased production efficiency
CONTRACT MANUFACTURING DECLINE - Lower sales mainly due to reduced contract manufacturing after fire in Spain
Company press release: ID:nMFN69lKbB
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 893 mln
Q1 Adjusted EBIT
SEK 45 mln
Q1 Adjusted Free Cash Flow
SEK 34 mln
Analyst Coverage
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 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.)