DistIT: External factors to impact the upcoming quarter - ABG

Cyberattack impact on sales likely ~SEK 5-10m
We cut '24e-'26e sales by 1%
'25e-'26e EV/EBIT 21x-10x


What to expect in Q3'24

We anticipate Q3'24 sales of SEK 377m and EBIT of SEK -11m, down from our previous estimates of SEK 400m and SEK -9m, respectively. The estimate cuts are based on: i) a continually weak consumer, ii) peers such as Dustin showing weak momentum and iii) the recent cyberattack. Conditions are challenging for both Aurdel and Efuel, as both are facing a less spending-prone consumer. We expect operating cash flow of SEK 13m with working capital releases of SEK 28m.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/distit/Equity-research/2024/11/distit---external-factors-to-impact-the-upcoming-quarter/