DistIT: New year, new group structure - ABG
We cut '24e-'26e sales by 7-10%
Sominis divestment weighs on est. revisions
'24e-'25e EV/EBIT 40x-10x
What to expect in Q1'24
We anticipate Q1'24 sales of SEK 504m and EBIT of SEK -21m, down from our previous estimates of SEK 555m and SEK -11m, respectively. More specifically, we cut estimates to reflect continually tough consumer conditions that adversely affect Aurdel. We expect operating cash flow of SEK -5m with working capital releases of SEK 20m.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/distit/Equity-research/2024/4/distit---new-year-new-group-structure/