Air traffic tech firm Avtech's prelim Q1 sales, profit rise on new contracts

AVTECH Sweden AB (publ)

17/04/2026 16:29

Overview

Sweden digital air traffic solutions firm's preliminary Q1 net sales rose 12% yr/yr

Preliminary Q1 net profit up 2.7% yr/yr, impacted by higher sales, tech and relocation costs

Preliminary Q1 cashflow rose 23% yr/yr as delayed customer payments were received

Outlook

Avtech aims to increase revenue in 2026 and make it another record year

Result Drivers

NEW CONTRACTS AND INSTALLED BASE - Co said yr/yr sales growth was driven by new customer contracts and a larger base of connected aircraft

LATAM SERVICE PAUSE - Revenue declined compared with previous qtr due to Latam pausing Aventus service for re-evaluation and negative currency effects

WIZZ AIR EXPANSION - Increased number of Wizz Air aircraft using Aventus had a positive impact on revenue

Company press release: ID:nMFN7LJKd8

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 11.70 mln
Q1 Net Income
SEK 3.80 mln


Analyst Coverage

Wall Street's median 12-month price target for Avtech Sweden AB (publ) is SEK12.00, about 43.2% above its April 16 closing price of SEK8.38

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)