Bredband2: Slight EBITA beat on lower opex - ABG

Sales in line, but EBITA +4% vs. ABGSCe
Lower opex and better customer intake than expected
Expect cons to lift '24e-'26e EBITA by ~3%


Q1 results

Sales SEK 415m (0% vs ABGSCe 414m), EBITDA 70m (2% vs ABGSCe 69m), EBITA 43m (4% vs ABGSCe 42m), EBIT 35m (5% vs ABGSCe 33m), EPS 0.03 / share (2% vs ABGSCe 0.03 / share). FCF excl. leasing was SEK 20m (ABGSCe SEK 38m).

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/bredband2/Equity-research/2024/5/bredband2---slight-ebita-beat-on-lower-opex-/