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

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

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.)