Aktieanalys

North Media: Limited Q3 impact from flat paper prices - ABG

ABG Sundal Collier Publicerad: 05 Oct 2023 07:36

Q3e: revenues down ~4% y-o-y, ~12% EBIT margin
Paper prices flat since June, but limited Q3 impact
Could delay demand recovery; 2% cut to '24e-'25e EBIT

Q3e: ~4% y-o-y revenue decline, ~12% EBIT margin

North Media will report its Q3 on 1 November. Note that Q3 is typically a seasonally weak quarter in terms of volumes and margins. We forecast Q3 revenues of DKK 219m or a ~4% y-o-y decline (note easy comps from Q3'22), driven by our forecast of a ~6% y-o-y decline in the Last Mile segment (84% of '22 group revenues). Our Q3 EBIT estimate of DKK 26m corresponds to a ~12% EBIT margin. An estimated portfolio loss of DKK 18m in Q3 drives our diluted EPS estimate down to DKK 0.32 (adj. EPS of 1.06).

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/north-media/Equity-research/2023/10/north-media---limited-q3-impact-from-flat-paper-prices/

Nyheter om North Media

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!