Humble Group - Q1: beat on sales and earnings - ABG

Proforma org. growth of 20% vs. ABGSCe 18%
Focus on operating excellence going forward
We expect cons. to make pos. EBITA rev.


Q1'23 outcome

Q1 sales came in at SEK 1,592m (+10% vs. ABGSCe 1,441m) and adj. EBITA at SEK 121m (+7% vs. ABGSCe 113m). Proforma organic growth was 20% vs ABGSCe 18%. Operating cash flow was marginally better than expected, mostly due to some net working capital release.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/humble-group/Equity-research/2023/5/humble-group---q1-beat-on-sales-and-earnings/