B3 Consulting Group Q1: Utilisation & demand down to normal levels - ABG

Sales -4% vs. ABGSCe, EBITA -9% vs. ABGSCe
Increased transparency on B3 Poland
We expect cons. to slightly decrease EBITA est.


Q1'23 impressions

B3 reports Q1'23 net sales of SEK 325m (-4% vs. ABGSCe 338m), EBITA SEK 41m (-9% vs. ABGSCe 45m) and net profit SEK 34m (-9% vs. ABGSCe 37m). Compared to FactSet consensus, the reported figures imply deviations of -6% on sales and -9% on EBITA. The slight miss on sales and earnings is mostly explained by a normalisation of the utilisation rate, which was at an exceptionally high level one year ago.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/b3-consulting-group/Equity-research/2023/4/b3-consulting-group---q1-utilisation--demand-down-to-normal-levels/