Analyser av Cedergrenska

Cedergrenska: Stable quarter amid inflation pressure - ABG

20% sales growth in Q2 Adj. EBITA flat y-o-y Solid early demand for autumn '23/'24 Q2: Sales and adj.

Q1 sales growth of 16% y-o-yEBITA margin of 3.6% (8.

Revenues up 33% y-o-y, driven by M&A Higher goodwill amortisation behind revision ‘22/’23e EV/EBIT of 8x, 15% FCF yield Q4: Adj.

Revenues up 35% y-o-y, driven by M&A Delayed license process behind sales revisions ‘22/’23e EV/EBIT of 7x, 17% FCF yield Q3: Adj.

Today ABG Sundal Collier sponsored research initiates coverage of Cedergrenska.