Sweden's Exsitec Q3 net sales rise on recurring software revenue
Sweden's Exsitec Q3 net sales rise on recurring software revenue
Overview
Sweden digital solutions provider's Q3 net sales rose 23% yr/yr to SEK 231 mln
Adjusted EBITA margin for Q3 slipped to 12.9% from 13.5% last year
Company posted Q3 operating loss of SEK 8 mln, with negative earnings per share
Outlook
Company did not provide specific guidance for future quarters or the full year in the press release
Result Drivers
RECURRING SOFTWARE REVENUE - Co said recurring net revenue from software rose to SEK 270 mln LTM from SEK 217 mln
EMPLOYEE GROWTH - Co said average number of employees during Q3 increased to 660 from 596 last yr
Company press release: ID:nMFN45GKGf
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | SEK 231 mln | SEK 240 mln (2 Analysts) |
Q3 Adjusted Loss Per Share |
| SEK 0.99 |
|
Q3 Adjusted EBITA |
| SEK 30 mln |
|
Q3 Adjusted EBITA Margin |
| 12.90% |
|
Q3 Operating Profit |
| -SEK 8 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"
Wall Street's median 12-month price target for Exsitec Holding AB is SEK164.00, about 49.1% above its October 19 closing price of SEK110.00
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago
Reuters Recommended Reads
Oct 20 - Sweden's Tele2 Q3 sales rise on service revenue growth, cuts guidance
Oct 19 - Sweden's Truecaller preliminary Q3 net sales rise 3% yr/yr
Oct 20 - France's OVHcloud slightly beats FY2026 revenue estimates on strength in public cloud segment
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.)