Novem Group's FY revenue falls amid demanding environment
Novem Group's FY revenue falls amid demanding environment
Overview
Auto trim supplier's FY 2025/26 revenue fell 5.6% from prior year
Adjusted EBIT down 35% yr/yr, co reports margin of 6.2%
Company will not propose a dividend for FY 2025/26; none anticipated for FY 2026/27
Outlook
Company does not anticipate a dividend payment for FY 2026/27
Novem cites sustained macroeconomic volatility and geopolitical uncertainty as current market conditions
Company says extension of term loan provides financial visibility to manage capital structure
Result Drivers
MACROECONOMIC VOLATILITY - Co said results were affected by a demanding environment with sustained macroeconomic volatility and geopolitical uncertainty
Company press release: ID:nEQ30NHVNa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Adjusted EBIT Margin |
| 6.20% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Novem Group SA is €2.90, about 14.2% above its June 24 closing price of €2.54
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 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.)