StrongPoint Q1 first take: Delivering on expectations - ABG
Q1: EBIT NOK 4.0m in line with ABGSCe 4.0m
2025 ambition reconfirmed
Expect smaller estimate changes
Q1: EBIT in line with expectations
StrongPoint reported Q1 revenues of NOK 381m, in line with ABGSCe NOK 382m. The gross margin was 36.5%, a decrease vs 38.6% in Q1 last year, but slightly better than ABGSCe 36.0% (+0.5pp). EBITDA was NOK 13.5m (3.5% margin), 9% below ABGSCe NOK 15m (3.9% margin). However, EBIT was in line: NOK 4.0m vs ABGSCe NOK 4.0m. Thus, over-all results were in line. Reported EPS was NOK 0.12 vs ABGSCe NOK 0.05, boosted by positive net finance driven by FX.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/StrongPoint/Equity-research/2023/4/strongpoint---q1-first-take-delivering-on-expectations/