SKAKO (One-pager): FY'24 revenue guidance lowered but with record order received in Q3
Read the latest SKAKO one-pager update following the Q2 2024 results as the company moves beyond its sale of SKAKO Concrete from late 2023. The one-pager includes a brief description of SKAKO, an update to the market outlook, the latest financials, and valuation perspectives relative to a peer group. It also outlines several key investment risks and key investment reasons.
SKAKO reduced its revenue expectations FY2024 following Q2 to 2-5% growth, from 5-9% growth, while maintaining its EBIT expectation for DKK 24-28m. However, the company announced its record order in August 2024 for a DKK 150m minerals project in Morocco, which will mostly impact 2025 and 2026 revenues. The company maintains its ambitions for 2028, which are 50% group revenue growth by 2028, with EBIT margins around 10%.
To learn more about SKAKO and its new outlook following the new record order, you can watch the latest Q2 2024 event hosted by SKAKO CEO Lionel Girieud and CFO Thomas Pedersen. Link: https://www.inderes.dk/videos/skako-presentation-of-h1-2024
Disclaimer: HC Andersen Capital receives payment from SKAKO for a DigitalIR/corporate visibility subscription agreement./ Philip Coombes 11:00 04/09/2024
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SKAKO
SKAKO A/S is a Danish industrial machinery manufacturer listed on the OMX Nordic Exchange Copenhagen. It operates two business divisions, SKAKO Concrete and SKAKO Vibration with offices in Faaborg (Denmark, Strasbourg (France), and San Sebastian (Spain). SKAKO Concrete is a professional and experienced group specialized in development, supply, installation and servicing of complete plants for production of concrete. SKAKO Concrete’s main purpose is to develop solutions adapted to future requirements, meeting the individual needs of our customers and so helping them strengthening their position in their market. In additional, SKAKO Concrete offers after-sales, installation and commissioning services as well as after sales support, including Service Contracts dedicated to the production setup. SKAKO Vibration develops, designs, and sells vibratory equipment for industrial use. It has a strong development in the supply of feeding, sorting and washing equipment for the recycling industry in Europe. Additionally, it is a leading supplier of vibratory equipment in the automotive industry, and it has a solid market position within mineral mining and the phosphate mining sector in North Africa.
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