BTS Group: Q4 beat, 2024 guidance as expected - ABG
Delivering on FY guidance, Q4 EBITA +21% y-o-y and +15% vs cons
North America & RoW better, Europe weaker, cost reductions on plan
Guides for "better earnings in 2024", as expected, estimates and share up today
Q4 details
Sales SEK 768m (-1% vs ABGSCe 778m, 0% vs cons 769m), adj. EBITA 139m (5% vs ABGSCe 132m, 15% vs cons 121m), adj. EBITA margin 18.1% (ABGSCe 17.0%, cons 15.7%). FX adj growth 6% (vs ABGSCe 5%, no cons). DPS SEK 5.70 (+6% vs ABGSCe 5.40, 0% vs cons 5.70) and up 6% y-o-y.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/bts-group/Equity-research/2024/2/bts-group---q4-beat-2024-guidance-as-expected/