Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markeder
    • Aktieoversigt
    • Finanskalender
    • Dividends Calendar
    • Research
    • Artikler
  • InderesTV
  • Forum
  • Om os
    • Fulgte selskaber
    • Team
Eksterne analyser

Humble Group: Gross margin impresses - ABG

Humble Group

Dette er en ekstern analyse og afspejler ikke nødvendigvis vores perspektiv eller værdier.

Download analyse (PDF)
Sales 1% below cons, adj. EBITA in line with cons
Consensus EBITA estimate revisions flat to slightly up
To enter cash flow yielding phase in 2025


Q1'25 outcome

The Q1 report was mostly in line with consensus' expectations. Sales SEK 1,904m (-1% vs ABG 1,930m, -1% vs cons 1,924m), organic growth 4% (vs 7% ABG, 7% cons), gross margin at 32.3% (vs ABG 30.8%, cons 31.3%), adj. EBITA 133m (+12% vs. ABG 119m, 0% vs. cons 133m). Humble's gross margin was meaningfully better than expected, but the capacity-increasing investments weighed on adj. EBITA, as expected. Moreover, organic growth was slightly weaker than we had expected — partly due to Easter holidays occurring in Q2 as opposed to Q1 last year. This carried a larger impact than we had anticipated.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Tag kontakt
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • Om os
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Servicevilkår
  • Privatlivspolitik
  • Disclaimer
Inderes’ ansvarsfraskrivelse kan findes her. Detaljeret information om hver aktie, der aktivt overvåges af Inderes og HC Andersen Capital, er tilgængelig på de virksomhedsspecifikke sider på Inderes' hjemmeside. © Inderes Oyj. All rights reserved.
  • Latest
  • Markeder
    • Aktieoversigt
    • Finanskalender
    • Dividends Calendar
    • Research
    • Artikler
  • InderesTV
  • Forum
  • Om os
    • Fulgte selskaber
    • Team