Construction firm NYAB Q3 operating profit rises on order intake
Construction firm NYAB Q3 operating profit rises on order intake
Overview
Sweden engineering and construction firm's Q3 revenue rose 27% yr/yr, operating profit up 33%
Company's Civil Engineering order backlog more than doubled yr/yr to EUR 873.8 mln
Q3 earnings per share rose 49% yr/yr
Outlook
Company says it is focused on project execution and selective growth in niche segments
NYAB enters final quarter with a solid financial position
Result Drivers
ORDER INTAKE - Record order intake more than doubled Civil Engineering order backlog yr/yr
REGIONAL GROWTH - Revenue in Civil Engineering rose in Sweden and Finland, with notable increase in Finland
PROJECT EXECUTION - CEO cited focus on effective project execution and selective growth in niche segments
Company press release: ID:nWkr18hLLl
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | EUR 190.20 mln | EUR 172 mln (2 Analysts) |
Q3 EBIT |
| EUR 15 mln |
|
Q3 Free Cash Flow |
| -EUR 6.20 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the construction & engineering peer group is "buy."
Wall Street's median 12-month price target for Nyab AB is SEK8.35, about 6.1% above its November 3 closing price of SEK7.87
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago
Reuters Recommended Reads
Nov 3 - Sweden's Rejlers Q3 sales miss as war in Iran, delayed Norway projects weigh
Nov 3 - Norway's Multiconsult Q3 EBITA drops on restructuring costs
Nov 3 - Norway's Norconsult Q3 profit falls
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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.)
Recent news on NYAB AB
See all newsConstruction firm NYAB Q3 operating profit rises on order intake
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