Bildkälla: Stockfoto

DistIT Q1: Better than our Q1 sales and EBIT forecasts - SEB

DistIT Group reported Q1 sales 2% ahead of our forecasts, implying organic growth of 1% (SEBE: -1%). Its recent acquisition Efuel, the Swedish market leader in EV charging, also betters our sales estimates. Gross margins of 21.9% are unchanged y/y and 60bps above our Q1 estimates. EBIT of SEK 9m and pre-tax profits of SEK 2m are in line with our estimates, while net profits are below due to higher tax costs booked in the period. We reiterate our mid-point value of SEK 145.

DistIT Group reported Q1 sales 2% ahead of our forecasts, implying organic growth of 1% (SEBE: -1%). Its recent acquisition Efuel, the Swedish market leader in EV charging, also betters our sales estimates. Gross margins of 21.9% are unchanged y/y and 60bps above our Q1 estimates. EBIT of SEK 9m and pre-tax profits of SEK 2m are in line with our estimates, while net profits are below due to higher tax costs booked in the period. We reiterate our mid-point value of SEK 145.
Börsvärldens nyhetsbrev
ANNONSER