OssDsign: Steady progress in Q1e - ABG
Q1'24 results due 14 May
207% growth y-o-y, but limited sequential growth
EBIT revised up 2% for '24e-'26e due to FX
Q1'24 expectations
We forecast Q1 sales of SEK 27.0m, up 26% y-o-y on a reported basis, but by 207% when adjusted for the discontinued business. The expected sales level of SEK 27m in Q1 is broadly in line with the reported sales of SEK 26.8m, but adjusted for some extraordinary orders in Q4 of SEK 4m, the sequential growth from Q4'23 is 18%. As of 1 January, 2024, OssDsign is only selling one product, Catalyst, in one market, the US. In terms of EBIT, we forecast SEK -13.3m, a y-o-y improvement vs. SEK -23.7m in Q1'23.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/ossdsign/Equity-research/2024/5/ossdsign---steady-progress-in-q1e/