Sweden's NCAB Group Q2 sales beat estimates amid strong demand
Sweden's NCAB Group Q2 sales beat estimates amid strong demand
Overview
Sweden PCB supplier's Q2 net sales rose 25%, beating analyst expectations
Order intake for Q2 surged 59% amid strong demand and supply constraints
Company completed Board Shark LLC acquisition in US and declared SEK 1.10/share dividend
Outlook
Company says supply chains remain strained with no improvements seen ahead
NCAB sees opportunities to support customers amid ongoing supply chain disruptions
Company reports continued strong demand and positive development in aerospace, defence and medtech
Result Drivers
SUPPLY CHAIN ADVANTAGE - NCAB said its priority status with leading factories and access to critical raw materials enabled it to support existing customers and win new ones amid global supply constraints
PRICE INCREASES AND PRE-BUYING - Company estimated about 20% of organic order intake growth in USD was due to market price increases and another 20% from pre-buying
DEMAND IN FOCUS SEGMENTS - Continued strong order intake for aerospace, defence, medtech, and data centre applications supported growth
Company press release: ID:nMFNbHbdkg
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | SEK 1.17 bln | SEK 1.13 bln (3 Analysts) |
Q2 Adjusted EPS |
| SEK 0.45 |
|
Q2 Net Income |
| SEK 84.40 mln |
|
Q2 EBIT |
| SEK 122.90 mln |
|
Q2 EBITA |
| SEK 138.60 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for NCAB Group AB (publ) is SEK87.00, about 15.2% above its July 21 closing price of SEK75.50
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 33 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.)