SKAKO: Targeted growth strategy with greater margins following sale of SKAKO Concrete
Read the latest SKAKO One-pager update following the FY 2023 results, and sale of SKAKO Concrete. The One-pager includes a brief description of SKAKO, an update to the market outlook, latest financials, valuation perspectives relative to a peer group, and outlines several key investment risks and key investment reasons.
SKAKO moves beyond its sale of SKAKO Concrete and is focused on the continuing operations of SKAKO Vibrations across its three business segments, Recycling, Minerals, and Fasteners. The company outlined guidance FY 2024 for 5-9% revenue growth and an EBIT, before special items of DKK 24-28m, around a 9-11% margin. In addition its ambitions towards 2028 are for 50% group revenue growth by 2028, with EBIT margins around 10%.
Watch the latest FY 2023 event hosted by SKAKO CEO Lionel Girieud and CFO Thomas Pedersen to learn more about SKAKO and its new outlook following the sale of SKAKO Concrete.
Link: https://www.inderes.dk/videos/skako-presentation-of-fy-2023
Disclaimer: HC Andersen Capital receives payment from SKAKO for a DigitalIR/corporate visibility subscription agreement./ Philip Coombes 12:25 08/05/2024
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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