Formpipe: Improvements across the board - ABG

Sales +11% y-o-y, in line with ABGSCe
5% adj. EBIT beat, 9% adj. EBIT margin (vs. 4% in Q1'24)
Cons. to lift estimates low-single digit


Q1 results

Sales SEK 139m (0% vs ABGSC 139m), EBITDA 22m (-4% vs ABGSC 23m), adj. EBIT 13m (+5% vs ABGSC 12m), net profit 5m (vs ABGSC 5m). Cash flow was solid (FCF SEK 15m), despite the SEK 8m NRIs related to its restructuring programme. Overall, slightly better profits than expected, driven by lower opex.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/formpipe/Equity-research/2025/4/formpipe---improvements-across-the-board/