Overview
Sweden branding solutions firm's Q1 order intake fell 18%, net sales down 16% yr/yr
Q1 Net sales fell 16%; adjusted for currency and order timing, revenue was unchanged yr/yr
Operating profit and net profit declined; dividend proposal unchanged
Outlook
Nilorn did not provide specific guidance or forecasts for the current or upcoming periods
Result Drivers
CURRENCY EFFECTS - Co said revenue was significantly affected by currency fluctuations
ORDER TIMING - Revenue was impacted by a large order being delivered in Q2 this year, compared to Q1 last year
NON-RECURRING COSTS - Strategic projects and personnel restructuring led to non-recurring costs in the quarter
Company press release: ID:nGNEbYfx9h
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 218 mln
Q1 EPS
SEK 1.07
Q1 Net Income
SEK 12.20 mln
Q1 Operating Profit
SEK 15.40 mln
Q1 Orders
SEK 218 mln
Analyst Coverage
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 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.)