Overview
Sweden industrial group reported Q1 net sales up 3% yr/yr, including discontinued Salix Group
Q1 EBITA fell 3% yr/yr; adjusted EBITA rose 4% on profit growth in Salix and Ettiketto
Profit after tax for Q1 rose 64%, EPS up 166% yr/yr
Outlook
Company did not provide specific guidance for the current qtr or full yr
Result Drivers
SALIX AND ETTIKETTO PROFIT GROWTH - Adjusted EBITA rose 4% mainly due to profit growth of 37% in Salix Group and 18% in Ettiketto Group
ACQUISITIONS - Ettiketto Group acquired Interket Group and Salix Group acquired Laydex Building Solutions during the period
Company press release: ID:nMFN3VyKzT
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 2.06 bln
SEK 2.06 bln (2 Analysts)
Q1 EPS
SEK 0.32
Q1 Net Income
SEK 45 mln
Q1 EBITA
SEK 131 mln
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "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 Volati AB is SEK128.00, about 49% above its April 28 closing price of SEK85.90
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 18 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.)
