Invisio: Q4 beat and optimistic outlook for 2023 - ABG

Q4 even better than expected, sales +15% vs cons, EBIT +50%
Guides for strong sales growth and order intake in 2023
Estimates up +5% for cons, share trades at 58x EV/EBIT 2023e


Q4 details

Sales SEK 289m (19% vs ABGSCe 243m, 15% vs cons 252m). EBIT SEK 60m (78% vs ABGSCe 34m, 50% vs cons 40m). EBIT margin 20.7% (ABGSCe 13.8%, cons 15.9%). Order intake SEK 296m (48% vs ABGSCe 200m, 40% vs cons 211m). Organic sales growth at 79% driven by recent order momentum, a better delivery capacity and an eased component shortage situation.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/invisio/Equity-research/2023/2/invisio---q4-beat-and-optimistic-outlook-for-2023/