SP Group (One-pager): Guidance suggests a return to growth in 2024
Read the latest SP Group One-pager update following the FY 2023 results. The One-pager includes a brief description of SP Group, an update to the moulded plastic market outlook, latest financials, valuation perspectives relative to a peer group, and outlines several key investment risks and key investment reasons.
SP Group faced demand challenges in 2023, as higher interest rates, particularly in Europe, SP Group’s largest market, weakened manufacturing activity. For 2024 SP Group guided for 5-15% organic revenue growth, signalling an improving outlook, however, uncertainty in 2024 remains elevated.
To learn more about SP Group, its development in 2023 and outlook for 2024 and beyond, read the One-pager below, or catch up on the latest presentation of the FY 2023 annual results presentation, hosted with SP Group CEO Frank Gad, and CFO Tilde Kejlhof.
Link to FY 2023 annual results presentation: https://www.inderes.dk/videos/sp-group-praesentation-af-arsregnskabet-2023
Disclaimer: HC Andersen Capital receives payment from SP Group for a digital IR / corporate visibility subscription agreement./ Philip Coombes 16:10 23.04.2024
SP Group
SP Group is a Danish plastic manufacturer that produces moulded items in plastics and plastic composites and performs surface coatings on metal items. The company is listed on the Nasdaq OMX Copenhagen Stock Exchange. It dates back to 1972 and is headquartered in Denmark. SP Group is a leading supplier of plastic-manufactured products to Danish industries. It services its clients through its factories in Denmark, Sweden, China, the USA, and Eastern Europe and its products are sold and marketed in around 90 countries. The Company offers a number of collective competencies through its different plastics processing plants which create synergy both internally among the plants and externally in partnerships with customers. The largest customer groups in terms of revenue are Healthcare, Cleantech, Food-related and Automotive, which adds up to around 75% of sales. SP Group is part of the OMX Copenhagen Mid Cap Index.
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