Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Third party research

B3 Consulting Group: Parrying lower utilisation with more cost cuts - ABG

B3 Consulting Group

This is a third party research report and does not necessarily reflect our views or values

Download report (PDF)
Sales -6% vs. cons, adj. EBIT -18% vs. cons
Drop in utilisation lowered sales by ~9% y-o-y alone
Margins prioritised over growth


Q1'24 report

Q1 was a tough quarter as utilisation was low and net recruitment was negative. B3 generated Q1'24 net sales of SEK 281m (-6% vs. FactSet cons, -4% vs. ABGSCe) and adj. EBIT SEK ~11m (-18% vs. cons, -37% vs. ABGSCe). In the context of both macroeconomic data and large scale surveys for IT consultants indicating persistent adverse conditions, a weak set of numbers is partly expected. That said, the numbers still constitute a miss compared to both ABGSC and consensus expectations, and suggest that the operating leverage in B3 is more significant than previously expected.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.