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SAB — Sabaf SpA News Story

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Italy's Sabaf Q4 revenue rises 1.2%, EBITDA up 21.5%

Corrects to say company's revenue and EBITDA numbers are adjusted in Overview section and Key Details table

Overview

Italian appliance components maker's Q4 adjusted revenue rose 1.2% yr/yr

Q4 adjusted net income and adjusted EBITDA increased yr/yr

Company proposed a €0.58 per share dividend

Outlook

Company did not provide specific guidance for the current or future periods

Result Drivers

NORTH AMERICA GROWTH - Co said revenue growth was driven by strong results in North America, including ramp-up of Mexican plant and synergies with U.S. acquisition

OPERATIONAL IMPROVEMENTS - EBITDA margin improvement attributed to automation, energy efficiency and process optimization

Company press release: ID:nBIA1vqmhQ

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Adjusted RevenueEUR 65.4 mln
Q4 Adjusted Net IncomeEUR 3.70 mln
Q4 Adjusted EBITDAEUR 10 mln
Analyst Coverage The one available analyst rating on the shares is "strong buy" The average consensus recommendation for the industrial machinery & equipment peer group is "buy." Wall Street's median 12-month price target for Sabaf SpA is €19.00, about 50.8% above its March 23 closing price of €12.60 The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago 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.)

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