Sweden's Exsitec Q2 net sales rise
Sweden's Exsitec Q2 net sales rise
Overview
Sweden digital solutions provider's Q2 net sales rose 12% yr/yr
Adjusted EBITA margin stable at 19.5%, operating profit declined yr/yr
Company acquired Amesto Solutions Invest AS during the quarter
Outlook
Company did not provide specific guidance or outlook commentary in the press release
Result Drivers
RECURRING SOFTWARE REVENUE - Co said recurring net revenue from software LTM rose to SEK 246 mln from SEK 207 mln
ACQUISITION - Co completed acquisition of Amesto Solutions Invest AS during the quarter
Company press release: ID:nMFN6d3LDn
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | SEK 255 mln | SEK 250.50 mln (2 Analysts) |
Q2 Adjusted EBITA |
| SEK 50 mln |
|
Q2 Adjusted EBITA Margin |
| 19.50% |
|
Q2 Operating Profit |
| SEK 27 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Exsitec Holding AB is SEK164.00, about 61.6% above its July 9 closing price of SEK101.50
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 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.)