Aktieanalys

StrongPoint Q2: A soft quarter - ABG

ABG Sundal Collier Publicerad: 14 Jul 2023 09:51

• Q2: A soft quarter: EBITDA NOK 2m (NOK 10m Q2'22)
• Customer postponing investment hitting profitability
• 2025 ambition reconfirmed,

Q2: soft quarter due to low sales
StrongPoint reported Q2 revenues of NOK 337m, in line with ABGSC. This is up 5% yoy driven by M&A, but excluding M&A revenue declined 3% as customers are delaying orders. Also note that the 3% yoy underlying sales decline is boosted by FX. The gross margin was 40%, up 1.2 pp y-o-y and better than ABGSCe 38.0%. Underlying EBITDA was NOK 3.6m giving an EBIT loss of NOK 7m, which is down from the Q2'22 EBIT of +1m. On the positive side, operational cash flow was NOK 60m helped by lower WC.

Länk till analysen i sin helhet: https://cr.abgsc.com/contentassets/8711616ac67749f8b443a21e396a6c0a/pdf/q2-a-soft-quarter.pdf

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