MT Højgaard Holding: Robust order execution but order intake weak - ABG
Revenues and EBIT increase by 6 and 65%
Order intake of DKK 1,254 misses our forecast by 26%...
...and will likely have an impact on 2026e consensus
Strong EBIT shows good order execution and order discipline
Q1 revenues of DKK 2,293 grew by 6% but came in 6% below our numbers. Below the top-line, gross profit increased by 12%, while EBIT grew by 65% to DKK 94m and came in 22% ahead of our numbers which, in our view, demonstrates the company's better execution and order book discipline and is furthermore aided by the relatively high activity level.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/mt-hojgaard-holding/Equity-research/2024/5/mt-hojgaard-holding---robust-order-execution-but-order-intake-weak/