Bildkälla: Stockfoto

Sdiptech: Q1 report above expectations - Nordea

Sdiptech reported a solid Q1 2021 report with an EBITA* of SEK 116m (+6% vs our estimate). The positive deviation was mainly driven by better performance in the Water & Energy segment. We find it positive that the company states that the segment saw good earnings growth in its UK units despite restrictions. The report also contains SEK -2.5m from revaluation of earn-outs, indicating that some units performs better than expected. At first glance we expect estimate revisions of 1-3% but as the share has performed strongly coming into the report we are uncertain if this is enough to please the market. Deviation table below.

Sdiptech reported a solid Q1 2021 report with an EBITA* of SEK 116m (+6% vs our estimate). The positive deviation was mainly driven by better performance in the Water & Energy segment. We find it positive that the company states that the segment saw good earnings growth in its UK units despite restrictions. The report also contains SEK -2.5m from revaluation of earn-outs, indicating that some units performs better than expected. At first glance we expect estimate revisions of 1-3% but as the share has performed strongly coming into the report we are uncertain if this is enough to please the market. Deviation table below.
Börsvärldens nyhetsbrev
ANNONSER