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MSON B Midsona AB News Story

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Sweden's Midsona Q1 net sales fall 4.7%, margins improve

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

MetricBeat/MissActualConsensus Estimate
Q1 SalesSEK 893 mln
Q1 Adjusted EBITSEK 45 mln
Q1 Adjusted Free Cash FlowSEK 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.)

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