What to expect in Q4'24e
We anticipate a 3% y-o-y organic decline in Q4'24, implying sales of SEK 964m and EBIT of SEK 32m, or a margin of 3.3%. The organic decline is due to cancellations that impact products related to the Christmas season. The governing metrics for Midsona's SKU reduction efforts (i.e., contract cancellations and product discontinuations) have been margins and capital intensity, both of which relate to ROIC optimisation. We believe that more SKU reductions are value-accretive despite near-term growth headwinds, such as those we anticipate in Q4'24. Operating cash flow should be slightly positive, to the tune of SEK 6m, as Midsona should release some capital due to seasonality.
Aktuellt
SENASTE
