INVISIO
INVISIO - Q4 beat in prelim. numbers (ABG Sundal Collier)
2025-01-22 09:15
- Strong deliveries in Q4, sales +32% vs cons, EBIT +70%
- Guides for strong sales and order intake in 2025
- Consensus estimates likely up 10-15%
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Preliminary Q4 numbers clearly above consensusInvisio published preliminary Q4 numbers yesterday afternoon above market expectations. Sales SEK 594m (29% vs ABG 461m, 32% vs cons 449m) and EBIT SEK 195m (57% vs ABG 124m, 70% vs cons 115m). EBIT margin 33% (vs ABG 27%, cons 26%). Timing and good activity behind the beatThe beat was due to strong deliveries in the quarter as timing of customer preferences and inventory capacity matched each other to a high degree. The business model is scalable, shown in the earnings beat, but the company mentions that volatility should always be expected on a quarterly basis. Optimistic outlook for 2025, estimates +10-15%Invisio provided a guidance for 2025 where it expects to see continued strong sales and order intake during the year due to an active market with good demand. Consensus expectations for 2025 EBIT will likely come up some 10-15%, and the share closed +16% yesterday on the news. It currently trades at 35x EV/EBIT 2025e on unrevised consensus estimates. Full Q4 report, including for example order intake, is due 13 February. |
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| Source: ABG Sundal Collier, FactSet, company data |
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