Nilörngruppen: Q3 hiccough due to cyberattack - ABG
Minor near-term estimate cuts following the cyberattack
Outlook for order intake unchanged
NTM EV/EBIT around 7x
What to look for in Q3'24e
We continue to expect positive organic growth of 5% in Q3'24, but we also foresee around SEK 5m in extraordinary costs related to the cyberattack. We expect sales of SEK 217m (+5% organic, -4% FX) and adj. EBIT of SEK 20m, corresponding to a margin of 9.2%. Our updated Q3 estimates therefore imply negative estimate revisions of -1% for Q3 sales and -26% for Q3 EBIT (+/-0% adjusted for the extraordinary cost related to the cyberattack) on the back of FX changes. We expect Nilörn to generate an order intake of ~SEK 220m, implying ~20% y-o-y growth.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/nilorngruppen/Equity-research/2024/10/nilorngruppen---q3-hiccough-due-to-cyberattack/