SP Group (One-pager): Own brand sales reach record levels driving double digit revenue growth
Read the latest SP Group One-pager following its FY2024 annual report, which includes a brief description of SP Group, valuation perspectives relative to a peer group, and several key investment risks and investment reasons.
SP Group achieved revenue of DKK 2,922m (+12.1% YoY) and EBITDA of DKK 589m (20.1% margin), supported by growth across core segments and a record share of own-brand sales (30%). The topline performance was driven in particular by the Healthcare segment, which now accounts for 41% of group revenue. For 2025, SP Group targets revenue growth of +3-10% with an EBITDA margin of 19-21% and an EBT margin of 11-13%. Despite SP Group having local production facilities in China and the US, the ongoing trade war brings greater uncertainty to the 2025 outlook.
To learn more, you can catch up on the latest presentation of the FY2024 results hosted with SP Group CEO Lars Bering and CFO Tilde Kejlhof
Link: https://www.inderes.dk/videos/sp-group-praesentation-af-arsregnskabet-for-2024
Disclaimer: HC Andersen Capital receives payment from SP Group for a DigitalIR/Corporate Visibility subscription agreement. / Philip Coombes 12:00 07.04.2025, updated 12:26 08.04.2025
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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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