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EPIS B — Episurf Medical AB News Story

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Sweden's Episurf Q1 net sales jump

Overview

Sweden property and medtech firm's Q1 net sales rose sharply, but net loss widened

Company completed first property acquisitions as part of shift to cash flow-oriented model

Episurf announced further large property acquisitions and a strategic review of its medtech business after quarter-end

Outlook

Episurf aims to build a larger Nordic property platform focused on stable cash flows and high yield

Company plans further property acquisitions, including four portfolios with total value of SEK 2.6 bln

Company is conducting a dual-track strategic review of its medical technology business

Result Drivers

PROPERTY ACQUISITIONS - Co said Q1 marked the start of its transformation into a property company, with first acquisitions completed at underlying property value of about SEK 270m

Company press release: ID:nWkr8qvrX6

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesSEK 8.80 mln
Q1 EPS-SEK 0.01
Q1 Net Income-SEK 26.90 mln
Analyst Coverage Wall Street's median 12-month price target for Episurf Medical AB is SEK0.07, about 58.9% below its May 22 closing price of SEK0.17 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.)

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