Aktieanalys

Sintercast: Strong profits despite softer volumes - ABG

ABG Sundal Collier Publicerad: 04 Nov 2022 10:20

EBIT SEK 12.9m (+24% vs. ABGSCe 10.4m)
Q3 numbers imply EBIT upgrades of 4-3%
Trading at 23x ’22e EV/EBIT on pre-Q3 estimates

Q3 outcome

Sales came in at SEK 29.8m (-11% vs. ABGSCe 33.6m), up 18% y-o-y, helped by a stronger USD. EBIT was SEK 12.9m (+24% vs. ABGSCe 10.4m), and included no NRIs (ABGSCe 0m), for an EBIT margin of 43.3% (ABGSCe 31.1%). Net profit was SEK 11.0m (+11% vs. ABGSCe 9.9m). Engine equivalent production came in below expectations (3.6m vs. ABGSCe 3.8m) due supply chain constraints in two high-volume programmes, leading to softer sales as well. However, the opex base was kept tighter than expected, leading to a very strong EBIT margin.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/sintercast/Equity-research/2022/11/sintercast---strong-profits-despite-softer-volumes/

Nyheter om SinterCast

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!