Nilörngruppen: Order bookings better than expected - ABG

Sales +6% and EBIT -8% vs. ABGSCe
Order bookings 11% better than ABGSCe
Slightly positive consensus estimate revisions


Q1'25 impressions

Nilörn reports Q1'25 sales of SEK 259m (+6% vs. ABGSCe 244m), gross profit SEK 116m (+7% vs. ABGSCe 108m), EBIT SEK 23m (-8% vs. ABGSCe 25m). Interestingly, order bookings came in at SEK 267m, implying a y-o-y increase of +15%, despite a relatively tough comp. For reference, this was 11% better than our estimate of SEK 240m. Overall, we believe that the strong order bookings, which is the most forward-looking metric, should offset the drag from higher-than-expected opex going forward.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/nilorngruppen/Equity-research/2025/4/nilorngruppen---order-bookings-better-than-expected/