DistIT: Softer than expected, rights issue announced - ABG

Sales SEK 721m -13% vs. ABGSCe 824m
Adj. EBITDA SEK 13.4m -63% vs. ABGSCe 36.0m
Expect cons. est. to come down, rights issue announced


Q4 results

Q4 sales came in at SEK 721m, down 12% y-o-y and down 13% vs. ABGSCe. Adj. EBITDA came in at SEK 13.4m, down 77% y-o-y and down 63% vs. ABGSCe. Gross margin for Q4 came in at 20.1%, which is 0.4pp higher than we anticipated, driven by Septon and Sominis, according to the report. Aurdel continues to be the segment that has led to both lower-than-expected sales and margins.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/distit/Equity-research/2023/2/distit---softer-than-expected-rights-issue-announced/