Industrial supplier Mildef reported lower-than-expected revenue for the fourth quarter, while its adjusted EBITA profit came in slightly above forecasts. The board has proposed an increased regular dividend.
Revenue rose by 87.3 percent to 783 million kronor (418). This figure compares with the analyst consensus from Modular Finance, which was 813 million kronor. Organic sales growth was 13 percent (18).
The adjusted EBITA result amounted to 150.8 million kronor (71), versus the expected 147 million, with an adjusted EBITA margin of 19.3 percent (17.0).
Adjusted operating profit was 131.6 million kronor (62.8), with an adjusted operating margin of 16.8 percent (15.0).
Order intake landed at 1,005 million kronor (773), which is 16.9 percent below analyst consensus.
A regular dividend of 0.75 kronor per share (0.50) is proposed.
MilDef Group AB is a Sweden-based company that produces and supplies rugged electronics products (iron-resistant IT for the toughest environments), complete hardware systems as well as software and services to security and defense customers. MilDef operates in three main product segments: ruggade natverkssystem, ruggade skarmar och ruggade datorer. Ruggade datorer consist of laptops, tablets and handheld devices. Ruggade natverkssystem consist of complete IT systems with power supply, servers, computers and network equipment. Ruggade skarmar include screens that can be customized both in terms of computing power (so-called intelligent screens) and current equipment such as built-in tactile keypads. MilDef has subsidiaries in Sweden, Finland, Norway, Great Britain and the USA, with direct sales and sales through partner networks to over 30 countries.
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