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

Inission: Sales miss partly temporary, order book up 24% - ABG

Inission

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

Download analyse (PDF)
Sales 9% below us, but partly temporary; orders grew 61%
Mixed outlook, reiterates guidance, but cites more uncertainty
Cut '25e EBITA 7%, but leave '26e-'27e intact as order book +24%


Sales weakness seems partly temporary

Sales were weaker than we expected, falling 17% y-o-y and coming in 9% below our estimate, however, this was due to three high-volume product deliveries which were pushed forward in time, and we thus think this was a partly temporary deviation, and expect Q2 sales to be more in line with Q4 than Q1. Opex was in line, but the sales miss pushed down the adj. EBITA margin to 4.8% (9.0%), meaning adj. EBITA was 22% below our estimate. At the same time, orders continued to show strength, growing 61% y-o-y and coming in 4% above us. After two quarters of significant order recovery, the order book is now up 24% y-o-y, reinforcing the case that Q1 sales were only temporarily low.
Find os på de sociale medier
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Tag kontakt
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • Om os
  • Vores team
  • Karriere
  • Inderes som en investering
  • Tjenester for børsnoterede virksomheder
Vores 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.