Hensoldt secures additional orders - shares not expected to decline
In a positive turn of events, German defense electronics company Hensoldt has reported better-than-expected results for the second quarter, leading to a potential rebound in its stock price.
The MDAX title, Hensoldt's stock, was well-received by the market in early trading, with the shares approaching triple-digit prices. JPMorgan analyst David Perry described the results as better than expected. Chloe Lemarie of Jefferies referred to the results as "better than feared."
The company's adjusted EBITDA amounted to 107 million euros, up from 103 million euros last year. This growth was accompanied by an unexpectedly high operating margin, which surpassed expectations. The adjusted EBITDA margin of Hensoldt is 11.3%, beating expectations of 10.2%.
The strong performance has led Hensoldt to revise its margin forecast, with the company now expecting a margin of 18% for the full year. This is higher than the company's earlier expectations.
Despite delays related to the new federal government, Hensoldt's results were slightly above expectations. The company's revenue increased by 11% to 944 million euros, although it fell slightly short of analyst expectations of 951 million euros.
The order backlog of Hensoldt now stands at a record 7.07 billion euros. In the second quarter, Hensoldt received orders totaling 1.41 billion euros, exceeding analyst expectations of 1.12 billion euros.
It's worth noting that, at the time of writing, there are no relevant search results providing the latest financial analysts' predictions or recommendations specifically for Hensoldt following its Q2 results. For the most accurate and up-to-date insights, one would typically consult financial news from specialist outlets, brokerage research reports, or Hensoldt’s official investor relations communications directly.
Despite this gap in information, Hensoldt remains on the AKTIONÄR buy list. The positive market reception and the company's strong financial performance suggest that consolidation is not yet over for Hensoldt's stock.
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The positive market reception and the strong financial performance of Hensoldt have kept it on the AKTIONÄR buy list, indicating that consolidation may continue in the finance sector for its stock. The unexpectedly high operating margin and the revised margin forecast of 18% for the full year are expected to positively impact the company's finance-related aspects.
