SP Group (One-pager): Upgraded guidance as own brand sales rise to record levels
Read the latest SP Group one-pager update following the H1 2024 results. The one-pager includes a brief description of SP Group, an update to the moulded plastic market outlook, latest financials, valuation perspectives relative to a peer group, and outlines several key investment risks and key investment reasons.
SP Group upgraded its guidance in connection with its H1 2024 results as the company realised strong developments in its own brand products, particularly within the healthcare segment. SP Group sold a record share of own-brand products as a percentage of total sales in Q2 2024, which contributes to guidance for a record EBT margin FY2024 of 11-13%. SP Group’s upgraded guidance is for revenue growth of 8-18% (previously 5-15%), EBITDA margin of 19-21% (previously 16-19%), and EBT margin of 11-13% (previously 9-12%).
To learn more about SP Group, its development in H1 2024, and outlook for H2 2024 and beyond, read the One-pager below, or catch up on the latest presentation of the H1 2024 presentation, hosted with SP Group CEO Lars Bering, CFO Tilde Kejlhof, and outgoing CEO Frank Gad. Link: https://www.inderes.dk/videos/sp-group-praesentation-af-regnskabet-for-h1-2024
Disclaimer: HC Andersen Capital receives payment from SP Group for a digital IR / corporate visibility subscription agreement./ Philip Coombes 10:52 12.09.2024
SP Group
SP Group is a Danish plastic manufacturer that produces moulded items in plastics and plastic composites and performs surface coatings on metal items. The company is listed on the Nasdaq OMX Copenhagen Stock Exchange. It dates back to 1972 and is headquartered in Denmark. SP Group is a leading supplier of plastic-manufactured products to Danish industries. It services its clients through its factories in Denmark, Sweden, China, the USA, and Eastern Europe and its products are sold and marketed in around 90 countries. The Company offers a number of collective competencies through its different plastics processing plants which create synergy both internally among the plants and externally in partnerships with customers. The largest customer groups in terms of revenue are Healthcare, Cleantech, Food-related and Automotive, which adds up to around 75% of sales. SP Group is part of the OMX Copenhagen Mid Cap Index.
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