Christian Berner Tech Trade: Streak continues, Q3 very strong - ABG

Sales 224m (+1% vs. ABGSC), adj. EBITA 22m (+37% vs. ABGSC)
Order intake of SEK 241m, up 33% y-o-y, demand outlook stable
Encouraging performance on both EBITA and lease adj. FCF


Q3 results

Sales came in at SEK 224m (+1% vs. ABGSC 221m), +12% y-o-y (+11% organic). EBITA was 22m (+37% vs. ABGSC 16m), and adj. EBITA was 22m (+37% vs. ABGSC 16m) for a margin of +10% (ABGSC +7%). Adj. net income was 14m (+38% vs. ABGSC 10m) for a margin of +6% (ABGSC +5%). The company produced strong lease adj. FCF of 33m, +225% y-o-y. Q3 was another strong quarter, the fourth in a row to deliver on management's promise of improved profitability. The order intake of SEK 241m was up 33% y-o-y. The EBITA beat was driven by strong performance in the Energy & Environment segment.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/christian-berner-tech-trade/Equity-research/2023/10/christian-berner-tech-trade---streak-continues-q3-very-strong/