Continuing to outperform significantly
Strong order intake, up by 43%
2022e EBIT up 28%, 2023-2024e up 6%
No signs of a top-line slowdown
Nilörngruppen reported a strong Q2. Sales grew 39% organically, to SEK 269m (+54% y-o-y, +21% vs. ABGSCe 222m). The company sees growth in all regions, with Germany as well as newer southern European markets starting to ramp up. Furthermore, the company mentioned an encouraging US trend. This is despite a Shanghai warehouse that was closed for most of the quarter, making the delivery even more impressive. The company has circumvented this issue through using its other facilities. Although this hurt the margin slightly, profitability was well above our expectations.
LÄS MER
