Sweden's Acconeer Q2 sales more than double on A1 products strength
Sweden's Acconeer Q2 sales more than double on A1 products strength
Overview
Sweden semiconductor firm's Q2 sales more than doubled yr/yr, setting fourth straight record
Adjusted EPS for Q2 was negative, with loss widening from last year
Company secured multiple large orders from automotive and electronics sectors during Q2
Outlook
Company expects the new A212 sensor in mass production to drive future growth
Result Drivers
A1 PRODUCT FAMILY - Co said sales growth was driven by its established A1 family of products
AUTOMOTIVE ORDERS - Multiple large orders from the automotive sector contributed to quarterly sales
Company press release: ID:nMFNcdt5LG
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| SEK 21.40 mln |
|
Q2 Adjusted EPS |
| -SEK 0.18 |
|
Q2 Operating Cash Flow |
| -SEK 7.96 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Acconeer AB is SEK6.50, about 62.3% below its July 16 closing price of SEK17.24
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)