Proact: A set-back in the margin journey - ABG

Sales in-line, adj. EBITA -22% vs cons on cost inflation
Initiates a cost savings-program to reach its 8% margin target
Cons 2023e estimates to come down 5-10% today


Q1 details

Sales SEK 1,220m (0% vs ABG 1,222m, 1% vs cons 1,205m), Adj. EBITA 57m (-14% vs ABG 66m, -22% vs cons 73m), Adj. EBITA margin 4.7% (ABG 5.4%, cons 6.1%). Organic sales growth 8% (vs ABG 11%, no cons), of which system sales grew 10% organically and services 6%.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/proact/Equity-research/2023/5/proact---a-set-back-in-the-margin-journey/