Germany's Audius H1 output rises on software growth; cuts outlook
Germany's Audius H1 output rises on software growth; cuts outlook
Overview
Germany IT solutions provider's H1 total output rose 23% yr/yr to EUR 58.5 mln
H1 EBITDA increased 17% to EUR 3.3 mln
Company launched growth and efficiency program, cut full-year outlook
Outlook
Audius now expects full-year total output of about EUR 120 mln
Company sees full-year EBITDA between EUR 8 mln and EUR 9 mln
Audius says efficiency and growth initiatives will not sufficiently impact results in current yr
Result Drivers
SOFTWARE/CLOUD SEGMENT - Co said growth was primarily driven by its Software/Cloud segment
HARDWARE REVENUE DECLINE - Co said low-margin hardware revenues declined, boosting gross profit disproportionately
KEY CUSTOMER FLUCTUATIONS - IT Services segment was affected by unexpected fluctuations among certain key customers, impacting total output and earnings
Company press release: ID:nEQb0jHska
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EBITDA |
| EUR 3.30 mln |
|
Q2 EBITDA Margin |
| 5.70% |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for audius SE is €23.30, about 130.7% above its August 26 closing price of €10.10
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
Aug 25 - Germany's net digital prelim H1 revenue more than doubles, results beat expectations
Aug 25 - IT service provider Tialis H1 revenue falls on delayed orders, contract losses
Aug 25 - Solwers H1 revenue falls on lower billing hours, profitability weakens
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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.)