Alcadon: Q2: Bettering our forecasts from higher growth and gross margins - SEB
Q2 sales and EBIT are ahead of our expectations. Sales came in at SEK 177m; 6% above our estimates and up 35% y/y, driven by acquired sales in 6X. Gross margins were a full percentage point better than expected by us and came in at 28.7% (while down from 30% in Q2 last year, reflecting a lower share of private label sales in 6X ). In all, EBIT of SEK 17m are SEK 3m (or 23%) ahead of our forecasts. We will also have to add yesterday's significant order from Deutsche Glasfarer.
Länk till analysen i sin helhet: https://research.sebgroup.com/corporate/reports/109990