Mips AB (FRA:7M1)

€ 38.24 0.08 (0.21%) Market Cap: 993.09 Mil Enterprise Value: 958.69 Mil PE Ratio: 186.64 PB Ratio: 17.10 GF Score: 68/100

Q1 2021 MIPS AB Earnings Call Transcript

Apr 29, 2021 / 08:00AM GMT

Release Date Price: €65.2 (-5.71%)

Transcript

Max Strandwitz;publ;CEO;President

MIPS AB

()-&

Good morning, everyone. My name is Max Strandwitz, and I am the CEO of MIPS. With me today, I also have Karin Rosenthal, who is our CFO. I will take you through the Q1 interim report. And if we start with the key highlights, we did see strong performance in the quarter with 48% net sales growth, 66% organic growth if we adjust for currency effects. We continue to see a very high demand for bicycle helmets, but there is positive outlook in all the 3 categories that we operate in. We saw a good development in EBIT and operating cash flow. And it's good to see, especially on the EBIT development, when I started in 2016, we never thought that we would make profit in the normally smaller first quarter and showing a 47% EBIT margin is, of course, a great achievement and also a very good testimony of the scalability of our model. There is challenges in supply chain. However, they have so far been manageable. Global logistics and helmet manufacturers capacity is still challenged coming quarters. We do see high

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.