SinterCast: Strong installation outlook for '24-'25 - ABG

Sales36.0m (-3% vs. ABGSCe), adj. EBIT 15.6m (+1% vs. ABGSCe)
SEK 6.10 div., 6.3% yield, ~0.4% of shares still to be repurchased
Installation pipe for '24-'25 strong, opportunity to exceed 8m avg.


Q4 results

Sales came in at SEK 36.0m (-3% vs. ABGSCe 37.0m), up 9% y-o-y. The somewhat lower figure vs. our estimates was due to slightly lower sampling cup sales than we expected. EBIT was SEK 15.6m (+1% vs. ABGSCe 15.4m), and included no NRI:s. This resulted in an EBIT margin of 43% (ABGSCe 42%). Net profit was SEK 15.5m (+28% vs. ABGSCe 12.1m). As previously announced, the proposed dividend for '24 is SEK 6.10 (5.50 ordinary), a yield of 6.3%, and SEK 2.6m (0.4% of shares) of the announced 5.0m in share buybacks remain.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/sintercast/Equity-research/2024/2/sintercast---strong-installation-outlook-for-24-25/