Sweden's BIMobject Q3 net sales rise 9%, EBITDA loss narrows
Sweden's BIMobject Q3 net sales rise 9%, EBITDA loss narrows
Overview
Sweden product data platform's Q3 net sales rose 9% yr/yr, recurring revenue up 13%
EBITDA loss for Q3 narrowed to MSEK -0.9 from MSEK -6.9 last yr
Company expanded Prodikt ecosystem with three new data partners in Q3
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
RECURRING REVENUE GROWTH - Co said recurring revenue rose 13% yr/yr in Q3 and represented 87% of total net sales
CURRENCY EFFECTS - Co said Q3 sales growth was 10% when adjusted for currency effects, compared to 9% reported
Company press release: ID:nMFN2BMt48
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| SEK 44.40 mln |
|
Q3 Adjusted Free Cash Flow |
| -SEK 11 mln |
|
Q3 ARR |
| SEK 160.9 mln |
|
Q3 EBITDA |
| -SEK 900,000 |
|
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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.)