Sweden's Troax Group Q3 EBITA beats on data centre demand
Sweden's Troax Group Q3 EBITA beats on data centre demand
Overview
Sweden industrial safety firm's Q3 sales rose 51% yr/yr
Q3 EBITA beat analyst expectations
One-off costs from North American production move impacted operating profit
Outlook
Company sees continued strong demand in warehousing and data centre segments, especially in Europe and North America
Company expects demand from automotive and construction segments to remain weak
Troax Group notes uneven demand trends across regions and business segments
Result Drivers
WAREHOUSING AND DATA CENTRES - Co said growth was driven by warehousing segment in Europe and data centre demand in North America and Europe
AUTOMOTIVE AND CONSTRUCTION WEAKNESS - Co said demand from automotive industry in Europe and Asia, and construction segment, remained weak
PRODUCTION RELOCATION COSTS - Co said one-off costs from North American production relocation affected operating profit
Company press release: ID:nMFN5W4KDk
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| EUR 0.12 |
|
Q3 Net Income |
| EUR 7.10 mln |
|
Q3 EBITA | Beat | EUR 15.10 mln | EUR 13.70 mln (3 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Troax Group AB (publ) is SEK163.00, about 12.3% above its October 28 closing price of SEK145.20
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago
Reuters Recommended Reads
Oct 27 - Sweden's Alfa Laval Q3 sales rise on order intake
Oct 28 - Sweden's Epiroc Q3 revenue up 10% on mining demand
Oct 28 - Specialized equipment maker Terex Q3 sales beat on higher shipment volumes
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.)