Sweden's Beijer Alma Q3 revenue up 11%, order bookings rise 22%

By Reuters News


Overview

  • Sweden industrial components group's Q3 net revenue rose 11% yr/yr

  • Adjusted EBITA for Q3 increased 18% yr/yr

  • Q3 order bookings rose 22%, with 12% organic growth


Outlook

  • Company says market outlook remains stable after first three quarters

  • Company prioritizes profitable organic growth and disciplined acquisition strategy

  • Beijer Alma sees good prospects for further expansion through acquisitions


Result Drivers

  • ACQUISITIONS - Co said acquisitions contributed to net revenue growth, with Beijer Tech revenue growing 28%

  • COST CONTROL - Co attributed continued earnings improvement to cost control and resilience


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Orders

SEK 2.16 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for Beijer Alma AB is SEK350.00, about 16.7% above its October 22 closing price of SEK300.00

  • The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago


Reuters Recommended Reads

  • Oct 22 - Sweden's Sandvik Q3 revenue beats estimates on order growth

  • Oct 22 - Sweden's Atlas Copco Q3 revenue slightly beats estimates, orders up 29%

  • Oct 23 - Sweden's Storskogen Q3 sales rise 4%, EBITA up 6%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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