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MIPS AB (MPZAF)
:MPZAF
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.12Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -14.62%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong sales growth, increased market share, and notable achievements in sustainability and financial performance. However, challenges such as delayed financial targets, erratic consumer behavior, and geopolitical factors were noted. Despite these challenges, the company's strategic direction and market position remain strong.Company Guidance
During the call, Mips provided detailed guidance and updates on financial performance and strategic objectives for the fiscal year ending in 2024. Key highlights included a strong 58% growth in net sales for the fourth quarter, with organic growth reaching 52%, and a year-to-date organic growth of 35%. The company reported significant market share gains across all categories, particularly in sports, Moto, and safety, with sports achieving a 56% increase in net sales. The Board proposed a dividend of SEK 6.5 per share, amounting to 122% of net earnings, surpassing their previous ambition. Mips adjusted its long-term target to reach SEK 2 billion in net sales by 2029, while maintaining the goal of exceeding a 50% EBIT margin and distributing more than 50% of annual net earnings. The company emphasized its strategic focus on expanding market penetration, enhancing its product offerings, and capitalizing on new opportunities within helmet safety. Sustainability efforts also saw progress, with a reduction in emissions by 18% and an increase in the use of recycled materials to 16%. Overall, Mips expressed confidence in its growth strategy despite ongoing market challenges, underscoring the scalability of its business model as it continues to invest in strategic priorities.Strong Sales Growth
Achieved 58% growth in net sales for the quarter, with 52% organic growth. Year-to-date organic growth was 35%.
Market Share Increase
Mips continues to increase market share and penetration globally, with the highest number of projects implementing Mips technology since inception.
Dividend Increase
Proposed dividend of SEK 6.5 per share, up from SEK 6 the previous year, corresponding to 122% of net earnings.
Sustainability Achievements
Reduced emissions by 18%, achieving 43% of the 2030 science-based target. Increased recycled materials usage to 16%, surpassing the 10% target.
Financial Performance
Gross profit increased by 64%, with a gross margin of 72.9%. EBIT was up 260% to SEK 62 million, with an EBIT margin improvement of 24.1 percentage points.
Positive Outlook in Sports and Moto Categories
Sports category saw 56% net sales growth and Moto saw 57% growth in the quarter. Both categories show positive long-term outlooks.
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MPZAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MPZAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $49.74 | $51.24 | +3.02% |
| Oct 24, 2024 | $48.85 | $48.85 | 0.00% |
| Jul 18, 2024 | $48.85 | $48.85 | 0.00% |
| Apr 25, 2024 | $48.85 | $48.85 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MIPS AB (MPZAF) report earnings?
MIPS AB (MPZAF) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is MIPS AB (MPZAF) earnings time?
MIPS AB (MPZAF) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MPZAF EPS forecast?
MPZAF EPS forecast for the fiscal quarter 2025 (Q1) is 0.12.
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