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

Midsona: Decent operating delivery - ABG

Midsona

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

Download report (PDF)
Sales -1% and adj. EBIT -18% vs. ABGSCe
Operating cash flow significantly better than expected
Likely slightly negative consensus estimate revisions


Q1'25 report

The Q1 report was in line with expectations on sales, but a bit lower than expected on EBIT. Sales slightly improved y-o-y (+1.4% org. growth y-o-y, vs. ABGSCe 2%) and amounted to SEK 937m (-1% vs. ABGSCe). Adj. EBIT came in at SEK 37m (-18% vs. ABGSCe). The gross margin of 28.6% was 1pp below our estimate due to temporary promotional discounts, among other things. Cash flow from operations of SEK 35m (vs. ABGSCe -70m) as Midsona tied up far less working capital than we had anticipated.
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.