Overview
Sweden railway specialist's Q4 net sales up 8.4% yr/yr to SEK 170.1 mln
Company to wind down UK operations due to declining volumes
Swedish Transport Administration exercises option year for clearance locomotives worth SEK 45 mln
Outlook
Railcare to wind down UK operations due to declining volumes
Company acquires radio control technology for locomotives
Swedish Transport Administration extends clearance locomotive contract to 2027
Result Drivers
TRANSPORT OPERATIONS - Strong performance driven by fixed contracts and increased contracting transport assignments
UK OPERATIONS WIND DOWN - Co to wind down UK operations due to declining volumes and insufficient government funding
LÅNGSELE ACQUISITIONS - Acquired radio control technology and property to enhance locomotive workshop capabilities
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 170.10 mln
Q4 Adjusted EPS
SEK 0.29
Q4 EBIT
SEK 14.90 mln
Q4 EBIT Margin
8.80%
Analyst Coverage
Wall Street's median 12-month price target for Railcare Group AB is SEK35.00, about 10.9% above its February 11 closing price of SEK31.55
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nMFNbKVPH9
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.)