BTS Group: Q1 miss but FY guidance kept - ABG
7% FX adj. growth (cons 8%), EBITA -11% vs cons in a small quarter
North America shown better demand in end of Q1, while Europe drags
Guidance kept, but estimates down 3-5% and share similarly today
Q1 details
Sales SEK 619m (-2% vs ABG 633m, 0% vs cons 617m), adj. EBITA 59m (-12% vs ABG 66m, -11% vs cons 66m), adj. EBITA margin 9.5% (ABG 10.5%, cons 10.6%). FX adj growth 7% (vs ABG 10%). Adj. EBITA +24% y-o-y (ABG 40%, cons 40%).
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/bts-group/Equity-research/2024/5/bts-group---q1-miss-but-fy-guidance-kept/