Sales down 20% y-o-y in Q2 More restructuring in the quarter Overall market has likely trouged Q2: New CEO immediately starts cutting costs PION Group reported Q2 revenues of SEK 424m (-20% y-o-y), which was 9% below ABGSCe. The deviation was broad-based...
- Sales down 19% y-o-y in Q1 - Cost initiatives keep EBITA positive - Signs of a better market later in '24 Q1: Challenging quarter for Poolia PION Group reported revenues of SEK 429m (-19% y-o-y), it was 7% below ABGSCe. The deviation mainly stems from...
Sales down 9% y-o-y in Q4 Adj. EBITA marginally in the black QRIOS the bright spot as growth accelerates Q4: Additional market weakness takes its toll PION Group reported revenues of SEK 484m (-9% y-o-y), with and organic decline of 14% y-o-y. We were...
Back into black numbers, adj. EBITA SEK 10.8m (21.6m) Lower sales but higher EBIT for '24e Stable demand despite weak and uncertain market Q3: Sales -6% vs ABGSCe, but higher than expected EBITA PION Group reported revenues of SEK 477m (-7% y-o-y), which...
• Market is stabilising, yet uncertain • We lower our short- to medium-term assumptions • New permanent CEO will start this autumn Q2: 2% sales decline y-o-y, 4% below ABGSCe PION Group reported revenues of SEK 528m (540m), which was 4% below ABGSCe ...
Growth initiatives behind decision to replace CEO QRIOS slips into red as new CEO is hired Tough market ahead, lower assumptions short-term Q1: 6% sales growth y-o-y driven by Dreamwork acquisition PION reported Q1 sales of SEK 532m (+6% y-o-y), driven...
Q4: 4% sales growth y-o-y, but EBITA almost halved PION Group reported Q4 sales of SEK 532m (512m), up 4% y-o-y (3% organic). That was 6% below ABGSCe: the main deviation stems from Uniflex, which initiated a portfolio review in the quarter where the...
Solid Q3 but growth initiatives hurt margins We expect lower profitability mid-term ‘22e P/E of 7.7x and EV/EBIT of 5.4x Q3: In line with ABGSCe, 15% sales growth y-o-y Pion Group reported Q3 numbers that were roughly in line with ABGSCe. Sales were ...
Q3 results in line with ABGSCe Aims for 20% sales CAGR until 2026 inc. M&A… …and targets an EBITA margin of 5% Q3: 15% sales growth y-o-y, growth initiatives hurt margins Pion Group reported Q3 numbers that was roughly in line with ABGSCe. Sales was ...
Q2 sales growth of 18% y-o-yDivestment of German operations behind sales revisionsProposed name change to PION GroupQ2: Sales 3% above ABGSCe but decline in EBIT marginPoolia reported Q2 sales of SEK 540m (457m), adjusted for the divestment of the German...
QRIOS and Poolia Sweden impressPositive revisions, mainly from profitabilityUniflex Sweden is normalisingQ1: Sales +22% y-o-y, EBIT margin of 4.6% (2.7%)Pollia reported Q1 sales of SEK 526m (+22% y-o-y) and EBIT of SEK 24.3m (11.9m). This was 4% and ...
Poolia beats ABGSCe to end the year in styleWe raise ’22-‘23e EBIT by 3-4%A lot of things to look forward to in 2022Q4: Sales +31% y-o-y, adj. EBIT margin of 4.1% (1.7%)Poolia reported Q4 sales of SEK 533m (+31% y-o-y), 9% better than ABGSCe. The deviation...
Retroactive compensation from AFAAcquires Roi Rekrytering‘22e P/E of 12.5x, expected div. yield of 4.3%Q4e: Sales +21% y-o-y, adj. EBIT margin of 4.2%2021 has been a good year for Poolia so far, and with only one quarter left to put in the books, it ...
Q2: Net sales up 37% y-o-y, EBIT margin of 4.6% (1.2%)We think Poolia’s Q2 report was a positive surprise. Net sales were SEK 473m (345m), corresponding to y-o-y growth of 37%, and 8% vs. Q2’19. That was 10% ahead of ABGSCe and the deviation was mainly...