Christian Berner Tech Trade: More evidence for profitability journey - ABG

• Sales 246m (+0% vs. ABGSC), EBITA 18m (+5% vs. ABGSC)
• 15% org. growth, EBITA margin +1.7pp y-o-y, strong order intake
• Third quarter in a row demonstrating improved profitability

Q2 results
Sales came in at SEK 246m (+0% vs. ABGSC 245m), +15% y-o-y (+15% organic). EBITA was 18m (+5% vs. ABGSC 17m), and adj. EBITA was 18m (+5% vs. ABGSC 17m) for a margin of +7% (ABGSC +7%). Adj. net income was 11m (+6% vs. ABGSC 11m) for a margin of +5% (ABGSC +4%). The company produced lease adj. FCF of -5m, +80% y-o-y. Management highlights the continued strong order intake of 285m (up +9% y-o-y), with multiple important business deals won in the quarter. Three of the companies in the Technology & Distribution segment started using a new business system during the quarter, temporarily affecting the segment, but this should increase efficiency going forward.

Länk till analysen i sin helhet: https://cr.abgsc.com/contentassets/59c4ddc65402473e830243ce3f19bd12/pdf/more-evidence-for-profitability-journey.pdf