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Alcadon: Q2: Bettering our forecasts from higher growth and gross margins - SEB

Q2 sales and EBIT are ahead of our expectations. Sales came in at SEK 177m; 6% above our estimates and up 35% y/y, driven by acquired sales in 6X. Gross margins were a full percentage point better than expected by us and came in at 28.7% (while down from 30% in Q2 last year, reflecting a lower share of private label sales in 6X ). In all, EBIT of SEK 17m are SEK 3m (or 23%) ahead of our forecasts. We will also have to add yesterday's significant order from Deutsche Glasfarer.

Q2 sales and EBIT are ahead of our expectations. Sales came in at SEK 177m; 6% above our estimates and up 35% y/y, driven by acquired sales in 6X. Gross margins were a full percentage point better than expected by us and came in at 28.7% (while down from 30% in Q2 last year, reflecting a lower share of private label sales in 6X ). In all, EBIT of SEK 17m are SEK 3m (or 23%) ahead of our forecasts. We will also have to add yesterday's significant order from Deutsche Glasfarer.
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