Overview
Sweden sensor systems maker's Q1 net sales rose 10.6%, with 19.1% organic growth
Adjusted EBITDA turned positive and margin improved to 14.4% from -2.1% last year
Company returned to profit with Q1 EPS of 0.3 SEK after loss last year
Outlook
Company says market uncertainty persists due to tariffs, geopolitics and regulations
TagMaster expects rising input costs, especially for semiconductors, to continue
Company aims to mitigate cost pressures through efficiency measures and collaboration
Result Drivers
EUROPE AND U.S. GROWTH - Co said strong growth in European and U.S. operations drove higher Q1 revenue
PARKING AND ACCESS DIGITALIZATION - Co said strengthened offering in parking and access digitalization increased B2B sales and reduced reliance on public sector customers
COST REDUCTIONS - Group-wide efficiency program reduced costs by over SEK 9 mln compared to last year, supporting profitability
Company press release:
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 110.68 mln
Q1 Adjusted EBITDA
SEK 15.90 mln
Q1 Gross Margin
68.60%
Q1 Basic EPS
SEK 0.30
Q1 Cash Flow From Operating Activities
SEK 35.70 mln
Analyst Coverage
Wall Street's median 12-month price target for TagMaster AB is SEK25.00, about 3.1% below its April 23 closing price of SEK25.80
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .