SP Group A/S
CSE:SPG
SP Group A/S
SP Group A/S engages in the manufacture of moulded plastic components and perform coating of plastic and metal components. The firm is engaged in the manufacture of molded plastic components and coatings on plastic and metal components. Its operations are divided into two business areas. The Surface Solutions business area consists of the Norwegian company Accoat AS, which delivers surface solutions with Teflon (PTFE) to a diversity of industries worldwide, and the Plastic Solutions business area, that consists of e.g., Plexx AS that develops, creates prototypes, produces and refines plastic parts. SP Group is a supplier of plastic processed parts to Danish industry and has its own factories in Denmark, China, USA, Latvia, Slovakia, Sweden and Poland.
SP Group A/S engages in the manufacture of moulded plastic components and perform coating of plastic and metal components. The firm is engaged in the manufacture of molded plastic components and coatings on plastic and metal components. Its operations are divided into two business areas. The Surface Solutions business area consists of the Norwegian company Accoat AS, which delivers surface solutions with Teflon (PTFE) to a diversity of industries worldwide, and the Plastic Solutions business area, that consists of e.g., Plexx AS that develops, creates prototypes, produces and refines plastic parts. SP Group is a supplier of plastic processed parts to Danish industry and has its own factories in Denmark, China, USA, Latvia, Slovakia, Sweden and Poland.
Sales Decline: SP Group reported a 3.3% decline in sales for the first nine months, mainly due to postponed orders for own products.
Guidance Maintained: Despite the sales drop and Q3 softness, management maintained full-year guidance, expecting results similar to the record 2024 year.
Order Book Rebound: A growing order book for Q4 gives management confidence for a strong finish to the year, with visibility into recovering demand.
Atlanta Factory Update: The new Atlanta facility is operational but loss-making in 2023 due to start-up costs; management expects breakeven and profitability next year.
Sector Trends: Healthcare and Cleantech sales declined, while FoodTech and other industries showed growth; sub-supplier business up 2.3%.
Leadership Change: A new CFO will join in January, with the outgoing CFO moving to more business-focused tasks.
