Sweden's OEM International Q3 sales beat estimates, partly on acquisitions
Sweden's OEM International Q3 sales beat estimates, partly on acquisitions
Overview
Sweden technology trading firm's Q3 net sales grew 24% yr/yr, beating analyst expectations
Incoming orders for Q3 rose 40% yr/yr to all-time high, led by Rest of Europe
Q3 EBITA and profit per share both increased over 22% yr/yr, supported by higher gross margin
Outlook
Company did not provide specific financial guidance for future quarters or full year in the press release
Result Drivers
ORDER GROWTH - Incoming orders rose 40% yr/yr to a record high, with Rest of Europe as the largest contributor
ORGANIC AND ACQUISITION GROWTH - Net sales growth of 24% was driven by 14% organic growth and 8% from acquisitions, with currency effects adding 2%
HIGHER GROSS MARGIN - EBITA reached a record high, supported by a higher gross margin
Company press release: ID:nMFN6nqQdx
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | SEK 1.58 bln | SEK 1.48 bln (3 Analysts) |
Q3 EPS |
| SEK 1.44 |
|
Q3 EBITA |
| SEK 261 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the diversified industrial goods wholesale peer group is "buy"
Wall Street's median 12-month price target for OEM International AB is SEK201.00, about 13.7% above its October 14 closing price of SEK176.80
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 32 three months ago
Reuters Recommended Reads
Oct 15 - Sweden's AQ Group Q3 sales beat estimates on defense, data center demand
Oct 15 - Ericsson braces for component cost hit after third-quarter profit beat
Oct 14 - UK's Softcat FY2026 profit rises on large projects
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.)