Idun Industrial Q3 net sales rise on acquisitions

Overview

• Sweden industrial group’s Q3 net sales rose 26%, with organic growth of 11%

• Q3 EBITA climbed 36%, and adjusted EPS increased to SEK 5.0 from SEK 3.6

• Company completed several acquisitions and reduced financing costs after early bond redemption

Outlook

• Idun expects group companies to be well positioned for opportunities in a stronger economy

• Company sees financing costs decreasing after early bond redemption and increased credit facility

• Idun maintains a positive outlook for group development into 2027 despite company-specific challenges

Result Drivers

• ACQUISITIONS - Co said acquisitions contributed to net sales and EBITA growth in Q3

• ORGANIC GROWTH - Co said organic sales and EBITA growth improved in Q3 after weaker Q2

• STABLE MARKET CONDITIONS - Co said more group companies began to experience stable market conditions in Q3

Company press release:

Key Details

Analyst Coverage

• Wall Street's median 12-month price target for Idun Industrier AB (publ) is SEK375.00, about 19% above its October 22 closing price of SEK315.00

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 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 AFRY beats Q3 sales estimates on strong order backlog

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.)