All segments behind significant earnings beat
Addtech reported an impressive set of numbers. Sales was SEK 3,279m (+9% vs. ABGSCe and +6% vs. FactSet consensus) and up 11% organically (ABGSCe +2%). All segments contributed to the beat and showcased strong demand across most subsegments; however, management says Marine continues to be weak. EBITA was SEK 402m, up 31% y-o-y, and 21% better than ABGSCe (+13% vs. cons). Once again, all segments contributed to the beat. However, both in absolute and relative terms, Industrial Process was the star of the show, coming in 27% better than ABGSCe on EBITA, for a margin of 14% (11%).
LÄS MER
