Q2 recap: deceleration visible as org. sales miss, 3% EBITA beat, '23e-'25e EBITA down 0-2% post-Q2, sector up 8% YTD (EPS up 11%), now trading at 15.9x F12m EV/EBITA, 3% below 10Y avg.
25 Aug 2023
Deceleration triggers sector correction
Addtech AB Class B (ADDT.B:OME), 0 | AddTech Hub Public Co., Ltd. (ADD:BKK), 0 | Addtech (ADDT-B:STO), 0 | Indutrade (INDT:STO), 0 | Indutrade AB (INDT:OME), 0 | Instalco Ab (INSTAL:STO), 0 | Instalco AB (INSTAL:OME), 0 | Lagercrantz Group AB Class B (LAGR.B:OME), 0 | Lagercrantz Group (LAGR-B:STO), 0 | Lifco (LIFCO-B:STO), 0 | Lifco AB Class B (LIFCO.B:OME), 0 | Sdiptech Ab - B (SDIPB:STO), 0 | Sdiptech AB Class B (SDIP.B:OME), 0
Sign up to access
Get access to our full offering from over 100 providers
Get access to our full offering from over 100 providers
Deceleration triggers sector correction
Addtech AB Class B (ADDT.B:OME), 0 | AddTech Hub Public Co., Ltd. (ADD:BKK), 0 | Addtech (ADDT-B:STO), 0 | Indutrade (INDT:STO), 0 | Indutrade AB (INDT:OME), 0 | Instalco Ab (INSTAL:STO), 0 | Instalco AB (INSTAL:OME), 0 | Lagercrantz Group AB Class B (LAGR.B:OME), 0 | Lagercrantz Group (LAGR-B:STO), 0 | Lifco (LIFCO-B:STO), 0 | Lifco AB Class B (LIFCO.B:OME), 0 | Sdiptech Ab - B (SDIPB:STO), 0 | Sdiptech AB Class B (SDIP.B:OME), 0
- Published:
25 Aug 2023 -
Author:
ABGSC Capital Goods Research | Karl Bokvist -
Pages:
12 -
Q2 recap: deceleration visible as org. sales miss, 3% EBITA beat, '23e-'25e EBITA down 0-2% post-Q2, sector up 8% YTD (EPS up 11%), now trading at 15.9x F12m EV/EBITA, 3% below 10Y avg.