SP Group (One-pager): Acceleration continues as own-brands reach record level
SP Group grew its own-brand products to record levels of over 30% during Q3 2024 as the company continues its strong cyclical turnaround. In connection with the Q3 results, SP Group narrowed its guidance, maintaining the midpoint of its Q2 upgrade, now expecting revenue growth of 10-16% y/y, with EBITDA margins of 19-21%, and EBT margins of 11-13%. The growth of own brands YTD 2024 has supported margin expansion and remains a cornerstone of SP Group’s strategy moving forward.
The one-pager updates the investment case, key investment risks, key investment reasons, and valuation perspectives relative to a peer group. To learn more you can also catch up on the latest Q3 2024 earnings presentation, hosted with SP Group CEO Lars Bering and CFO Tilde Kejlhof.
Link: https://www.inderes.dk/videos/sp-group-praesentation-af-regnskabet-for-q3-2024
Disclaimer: HC Andersen Capital receives payment from SP Group for a digital IR / corporate visibility subscription agreement./ Philip Coombes 12:20 21.11.2024
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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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