NYAB: Improved profitability and record order book - ABG
EBITA -1% vs FactSet consensus, +27% y-o-y
Strong order book of EUR 382m (+108% y-o-y)
Neutral est changes, but strong delivery to support confidence
Q3 details
NYAB delivered in line earnings but strong overall execution in Q3. Sales EUR 94m (-6% vs ABGSCe 99m and -7% vs cons 101m), EBITA EUR 9m (11% vs ABGSCe 8m and -1% vs cons 9m), EBIT EUR 9m (16% vs ABGSCe 8m and -1% vs cons 9m), net profit EUR 7m (6% vs ABGSCe 6m and -4% vs cons 7m). Orderbook EUR 382m (+108% y-o-y). EBITA grew 27% y-o-y for a 10% margin (8%). The CEO highlights that market conditions in Sweden remain favourable for the company and that conditions are there for NYAB to deliver a strong end of the year as well.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/nyab/Equity-research/2024/11/nyab---improved-profitability-and-record-order-book/