Overview
Sweden rugged IT solutions provider's preliminary Q1 revenue grew 106% yr/yr, organic growth 55%
Preliminary Q1 operating profit and order intake expected to be higher than last year
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
IMPROVED DELIVERIES - Co said improved delivery situation contributed to higher revenue and earnings
STRONG DEMAND - Co cited strong demand for its products and solutions as a key driver of order intake and revenue growth
Company press release: ID:nWkr4zBhlt
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 700 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for MilDef Group AB is SEK195.00, about 46.6% above its April 14 closing price of SEK133.00
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago
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(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.)
