Aktieanalys

Humble Group: Strong cash flow despite gross margin lag - ABG

ABG Sundal Collier Publicerad: 02 Nov 2023 09:27

Organic growth of 12% vs. ABGSCe 13%
Adj. EBITA SEK 158m, 2% above ABGSCe
Strong operating cash flow

Q3'23 outcome

Q3 sales came in at SEK 1,811m (in line with ABGSCe 1,817m), gross margin at 29.2% (-0.8pp vs. ABGSCe 30.0%) and adj. EBITA at SEK 158m (+2% vs. ABGSCe 155m). Reported organic growth was +12% (vs. ABGSCe +13%), suggesting that the organic growth rate is moderating as the pricing component diminishes slightly. M&A-related growth was +19% and FX contribution was +3%, respectively. Operating cash flow (with interest expenses subtracted and NRIs added back) was SEK 122m, which is better than we expected.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/humble-group/Equity-research/2023/11/humble-group---strong-cash-flow-despite-gross-margin-lag/

Nyheter om Humble Group

Läses av andra just nu

Innehåller annonslänkar. Investeringar innebär risk (se här)

Tips: 50% rabatt hos fondroboten Opti

Dags att komma igång med sparande? Fondroboten Opti erbjuder en populär spartjänst som är perfekt för regelbundet månadssparande. Just nu får nya kunder som använder Börskollens unika kampanjkod BORSKOLLEN50 automatiskt 50 % rabatt på Optis avgift i 3 månader!