BUFAB Bufab Holding AB

Bufab Group: Good growth and a sharp increase in operating profit is expected in the third quarter of 2020

Bufab Group: Good growth and a sharp increase in operating profit is expected in the third quarter of 2020
EN
12/10/2020

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Reports on Bufab Holding AB

ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
Marcus Develius
  • Marcus Develius

Bufab (Hold, TP: SEK420.00) - Time to bolt in

Q1 sales rose by 2% YOY (Bloomberg consensus +1%), with flat organic growth, EBIT 7% above consensus and EPS 13% above, partly due to strength in Asia-Pacific and stability in Americas. The group EBITA margin was 13.1% (Q4 2024 12.1%) and the adj. EBITA margin 12.7% (12.1%). We have raised our 2025e EBITA by 4% on better-than-expected results in China and North & East, and made minor adjustments to our 2026e. We reiterate our HOLD but have lowered our target price to SEK420 (430) on continued ge...

ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze
ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Henric Hintze

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