Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Transcripts
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Third party research

Alcadon: Wood M&A lifts '24e-'26e EPS by 4-6% - ABG

Alcadon Group

This is a third party research report and does not necessarily reflect our views or values

Download report (PDF)
Wood M&A lifts '24e-'26e EPS by 4-6%, EBITA up 12-17%
Share now trading at 9.1x '24e EV/EBITA
CEO Sonny Mirborn stepping down in Oct-24


Q1e: We estimate adj. EBITA -12% y-o-y

We expect Alcadon to report Q1 net sales of SEK 411m, up 6%, of which +4% organic and +2% FX, with Benelux, Germany, and the UK being the biggest organic drivers, while we expect negative organic growth in all Nordic countries. We arrive at an EBITA estimate of SEK 27.6m, down 12% y-o-y, for a margin of 6.7% (8.1%). The decline mainly stems from a lower gross margin assumption. Note that the Wood Communications acquisition was completed on 2 April, and as such does not affect Q1.
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.