Humble Group: Ready and set for acquisitions in 2025 - ABG
Detta är en aktieanalys producerad av tredje part och reflekterar därför nödvändigtvis ej våra åsikter och värderingar
Sales in line with cons, adj. EBITA -7% vs cons
Consensus EBITA estimate revisions slightly negative
Acquisitions back on the agenda again
Q4'24 outcome
The Q4 report was mostly in line with expectations. Q4 sales came in at SEK 2,089m (0% vs ABGSCe 2,098m, 0% vs cons 2,099m), organic growth ~7% (vs 8% ABGSCe; vs 8% cons), gross margin at 31.5% (vs ABGSCe 31.0%, vs cons 31.1%) and adj. EBITA at 157m (0% vs ABGSCe 157m, -7% vs cons 168m). Humble's gross margin was slightly better than expected, but the capacity-increasing investments weigh on adj. EBITA, causing a slight miss vs consensus.
Consensus EBITA estimate revisions slightly negative
Acquisitions back on the agenda again
Q4'24 outcome
The Q4 report was mostly in line with expectations. Q4 sales came in at SEK 2,089m (0% vs ABGSCe 2,098m, 0% vs cons 2,099m), organic growth ~7% (vs 8% ABGSCe; vs 8% cons), gross margin at 31.5% (vs ABGSCe 31.0%, vs cons 31.1%) and adj. EBITA at 157m (0% vs ABGSCe 157m, -7% vs cons 168m). Humble's gross margin was slightly better than expected, but the capacity-increasing investments weigh on adj. EBITA, causing a slight miss vs consensus.