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Overview
* Sweden surgical instruments maker's Q2 net sales rose 50% yr/yr, organic growth 27%
* Gross margin fell to 48.4% from 52.1% a year earlier
* Company says growth driven by improved product availability and M&A focus
Outlook
* Stille says product availability continues to improve, supporting demand for its products
* Company is evaluating additional acquisitions and strengthening its team for M&A activities
Result Drivers
* PRODUCT AVAILABILITY - Co said improved product availability helped drive demand for its products
* M&A FOCUS - Co said it is strengthening its team to accelerate M&A activities and is evaluating additional acquisition opportunities
Company press release: ID:nMFN82V6RF
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q2 Beat SEK SEK
Revenue 186.90 176.50
mln mln (2
Analysts
)
Q2 SEK
Adjusted 36.50
EBITDA mln
Q2 SEK
Adjusted 27.40
EBIT mln
Q2 EBIT SEK
27.40
mln
Q2 SEK
EBITDA 36.50
mln
Analyst Coverage
* The one available analyst rating on the shares is "buy"
* The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"
* Wall Street's median 12-month price target for Stille AB is SEK279.00, about 7.3% above its July 22 closing price of SEK260.00
* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 21 three months ago
Reuters Recommended Reads
* July 21 - Sweden's MedCap Q2 net sales rise 16% on organic growth and acquisitions
* July 21 - Sweden's Asker Healthcare Q2 profit jumps on increased scale
* July 23 - Sweden's Mentice Q2 sales rise, EBITDA turns positive on strategic initiatives
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .
(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.)