Overview
Sweden digital solutions provider's Q1 net sales declined 1% yr/yr, impacted by discontinued operations
Q1 EBITA and operating profit increased yr/yr
Company completed divestment of Zedcom AB, generating a capital gain
Outlook
Company did not provide specific guidance or outlook for the current or future periods
Result Drivers
DISCONTINUED OPERATIONS - Net sales decline attributed to discontinued operations amounting to SEK 2.2 mln
SOFTWARE REVENUE - Recurring net revenue from software increased to SEK 232 mln from SEK 198 mln
DIVESTMENT IMPACT - Capital gain from divestment of Zedcom AB contributed to results
Company press release: ID:nMFN6YKw73
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
SEK 238 mln
SEK 242 mln (2 Analysts)
Q1 Operating Profit
SEK 45 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 SEK162.00, about 48.6% above its April 21 closing price of SEK109.00
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 21 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.)
