Sweden's Storskogen Q3 sales rise 4%, EBITA up 6%

By Reuters News


Overview

  • Sweden diversified business group's Q3 net sales grew 4% yr/yr, adjusted EBITA up 6%

  • Adjusted diluted EPS for Q3 rose slightly to SEK 0.19 from SEK 0.18

  • Company completed one platform and three add-on acquisitions during Q3


Outlook

  • Company did not provide specific financial guidance for the current qtr or full yr


Result Drivers

  • ORGANIC GROWTH - Co said positive organic growth in both sales and EBITA contributed to Q3 results

  • ACQUISITIONS - Co said acquisitions contributed to growth across all business areas in Q3


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

SEK 8.33 bln

Q3 Adjusted EPS

SEK 0.19

Q3 Net Income

SEK 337 mln

Q3 Adjusted EBITA

SEK 806 mln

Q3 Adjusted EBITA Margin

9.70%

Q3 EBIT

SEK 620 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the consumer goods conglomerates peer group is "buy"

  • Wall Street's median 12-month price target for Storskogen Group AB (publ) is SEK15.00, about 36.4% above its October 22 closing price of SEK11.00

  • The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago


Reuters Recommended Reads

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

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

  • Oct 22 - Sweden's Mycronic Q3 sales beat estimates, lifts 2026 outlook


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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