Invisio: Weak gross margin off-set by order intake beat - ABG

4% sales beat vs cons but weaker gross margin put adj. EBIT in line
Q4 order intake 7% vs cons, guides for strong activity ahead
Estimates flat or slightly down, share to underperform slightly


Q4 details

Sales SEK 346m (-3% vs ABGSCe 356m, 4% vs cons 333m). EBIT SEK 62m (-23% vs ABGSCe 81m, -10% vs cons 69m). EBIT margin 18.0% (ABGSCe 22.7%, cons 20.7%). Adj. EBIT 69m (SEK 7m impairment), in line with cons, adj. EBIT margin 20.0%. Order intake SEK 298m (19% vs ABGSCe 250m, 7% vs cons 278m).

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/invisio/Equity-research/2024/2/invisio---weak-gross-margin-off-set-by-order-intake-beat/