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 består af en række plastforarbejdende virksomheder, der producerer formstøbte emner i plast og komposit samt udfører overfladebelægning på plast- og metalemner. Selskabet er noteret på Nasdaq OMX Copenhagen. Selskabets historik går tilbage til 1972 og har hovedkontor i Danmark. SP Group er en førende underleverandør af plastfremstillede produkter til bl.a. danske virksomheder Selskabet servicerer sine kunder via fabrikker i Danmark, Sverige, Kina, USA og Østeuropa med salg og markedsføring i omkring 90 lande. Virksomheden tilbyder en række sammenhængende kompetencer gennem sine plastforarbejdningsanlæg, som skaber synergi både internt blandt fabrikkerne og eksternt i partnerskaber med kunder. De største kundegrupper målt på omsætning er Healthcare, Cleantech, Food-related og Automotive, som udgør omkring 75% af omsætningen. SP Group er en del af OMX Copenhagen Mid Cap Index.
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