Formpipe: Another quarter with margin improvements - ABG
Sales +7% y-o-y, +1% vs. ABGSCe
12.7% adj. EBIT margin (vs. 4.5% in Q4'22)
Cons. to lift '24e-'25e EBIT 2-5%
Q4 results
Sales SEK 136m (1% vs ABGSC 135m), EBITDA 33m (14% vs ABGSC 29m), EBIT 17m (36% vs ABGSC 13m), net profit 19m (121% vs ABGSC 8m). Cash flow was strong, with FCF of SEK 49m. The EBIT beat versus our forecast was mainly driven by higher-than-expected capitalised development costs.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/formpipe/Equity-research/2024/2/formpipe---another-quarter-with-margin-improvements/