Profil:
AB SAAB IT posts PLN 30.8 mln attributable net profit in Q3 2023/24
Listed distributor of IT, household appliances and consumer electronics AB posted PLN 30.8 million (EUR 7.2 mln) attributable net profit in the third quarter of 2023/2024 financial year, up by 13 percent year on year, the company said in a market filing. The PAP Biznes consensus was for PLN 30 million (EUR 7 mln) net profit.
---------- AB Q3 2023/2024 RESULTS VS. CONSENSUS EXPECTATIONS --------------
| 3Q2023/24 | results | consensus | difference | y/y | q/q | YTD 2023/24 | y/y |
| PLN mln | PLN mln | % | % | % | PLN mln | % | |
| Revenues | 3128,5 | 3177,4 | -1,50% | 1% | -3% | 11230,5 | -2% |
| EBITDA | 60,7 | 58,1 | 4% | 11% | -10% | 238,4 | 1% |
| EBIT | 55,1 | 52,2 | 6% | 14% | -11% | 221,2 | 2% |
| Attrib. net profit | 30,8 | 30 | 2,80% | 13% | -16% | 137 | 8% |
AB Group's revenue in the third quarter of the 2023/24 financial year amounted to PLN 3.12 billion (EUR 728.8 mln), while the consensus forecast was for revenue of PLN 3.17 billion (EUR 740.5 mln).
"In the nine-month period of financial year 2023/2024, the IT distribution market in the region [Poland, Czech Republic and Slovakia - PAP ed.] continued to be in a slowdown phase, related to the sentiment in the economy as a consequence of, among other things, the ongoing armed conflicts and the uncertain political situation," the company said in a filing.
"Market turnover in this period remained at the same level as in the same period of the previous year," it added.
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