Pihlajalinna - Q1 result slightly below expectations
Pihlajalinna’s Q1 result was slightly below our expectations but in line with consensus. Q1 revenue amounted to EUR 133m vs. EUR 135m/133m Evli/cons, while adj. EBIT landed at EUR 4.2m vs. EUR 5.2m/4.4m Evli/cons estimates. Guidance for 20E was not given at this point.
- Q1 revenue was EUR 133m vs. EUR 135m/133m Evli/cons estimates. Revenue grew by 0.4% y/y.
- Q1 adj. EBITDA was EUR 12.7m (9.5% margin) vs. EUR 14.2m/13.2m Evli/cons estimates.
- Q1 adj. EBIT was EUR 4.2m (3.2% margin) vs. EUR 5.2m/4.4m (3.9%/3.3%) Evli/cons estimates
- Q1 EPS was EUR 0.06 vs. EUR 0.12/0.10 Evli/cons.
- According the company, sales and profitability developed as planned during the first months of the year, prior the coronavirus epidemic.
- Pihlajalinna did not provide a guidance for 20E at this point due to the coronavirus.
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