Overview
Swedish business group reported Q4 net sales up 2% to SEK 8,723 mln
Adjusted EBITA for Q4 decreased 4% to SEK 816 mln
Company completed acquisitions with annual sales of SEK 142 mln
Outlook
Storskogen did not provide specific financial guidance for future quarters or years
Result Drivers
OPERATIONAL EFFICIENCY - Co cited efforts to improve operational efficiency and strengthen financial position as key to resuming acquisition agenda
ACQUISITIONS - Co completed one platform and three add-on acquisitions, contributing to sales growth and market expansion
DIVESTMENTS - Co divested a business unit with annual sales of SEK 278 million, impacting overall sales figures
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 8.72 bln
Q4 Adjusted EPS
SEK 0.20
Q4 Net Income
SEK 375 mln
Q4 Adjusted EBITA
SEK 816 mln
Q4 Adjusted EBITA Margin
9.40%
Q4 EBIT
SEK 630 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 Storskogen Group AB (publ) is SEK16.50, about 48.2% above its February 9 closing price of SEK11.13
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nWkrny3xX
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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.)