Sweden's Midsona Q2 margins improve as sales edge up
Sweden's Midsona Q2 margins improve as sales edge up
Overview
Sweden health brands developer's Q2 net sales rose 0.5% yr/yr, organic sales down 1.2%
Company reported improved gross and operating margins, driven by pricing and product mix
Midsona completed acquisition of Risenta, a leading Swedish healthy food brand
Outlook
Company says focus remains on integrating Risenta, with production equipment to be incorporated in Q4
Midsona says it will continue investments in priority brands to drive profitable growth
Company expects continued improvement in profitability and long-term value creation
Result Drivers
GROSS MARGIN IMPROVEMENT - Co said higher gross margin was due to improved net pricing, favorable product mix and efficient production
COST CONTROL - Operating profit benefited from continued good cost control and savings from completed restructuring programmes
BRAND INVESTMENT - Increased marketing investments in strongest brands contributed to sales growth
Company press release: ID:nMFNbqjR8K
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| SEK 870 mln |
|
Q2 Adjusted Free Cash Flow |
| SEK 22 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.)