Sweden's Sdiptech Q2 organic sales, margins rise
Sweden's Sdiptech Q2 organic sales, margins rise
Overview
Sweden technology group reported Q2 net sales flat yr/yr, with 11% organic growth
Adjusted EBITA margin rose to 20.3% from 18.8%
Company completed divestment program and acquired two firms in Q2
Outlook
Sdiptech says focus is now on delivering long-term financial targets
Company expects stable organic growth and higher rate of acquisitions going forward
Result Drivers
ORGANIC GROWTH - Co said 11% organic sales growth and 11% adjusted EBITA growth in core business drove Q2 results
DIVESTMENT PROGRAM - Completion of divestment program, including sale of elevator business, streamlined portfolio and positioned co for improved returns
ACQUISITIONS - Co completed acquisitions of Rail Safety Systems and JLM Teknik, expanding business areas in Q2
Company press release: ID:nMFN57GgvG
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| SEK 1.29 bln |
|
Q2 EPS |
| SEK 2.54 |
|
Q2 Net Income |
| SEK 97 mln |
|
Q2 EBITA Margin |
| 19.80% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer goods conglomerates peer group is "buy"
Wall Street's median 12-month price target for Sdiptech AB (publ) is SEK290.00, about 20% above its July 16 closing price of SEK241.60
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.)