Overview
European tech trading firm's Q4 net sales declined, missing analyst expectations
Q4 incoming orders rose 5% to SEK 1,371 mln
Q4 earnings per share decreased to SEK 1.05 from SEK 1.14
Outlook
OEM International did not provide specific guidance for future quarters or years in its press release
Result Drivers
INCOMING ORDERS - Q4 incoming orders rose by 5% to SEK 1,371 mln, indicating increased demand
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
SEK 1.33 bln
SEK 1.42 bln (2 Analysts)
Q4 EPS
SEK 1.05
Q4 Net Income
SEK 146 mln
Q4 EBITA
SEK 202 mln
Q4 Operating Profit
SEK 192 mln
Q4 Orders
SEK 1.37 bln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 SEK160.00, about 26.4% above its February 17 closing price of SEK126.60
Press Release: ID:nMFN3qVW1z
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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.)