Overview
Sweden digital solutions firm's Q4 net sales grew 6% yr/yr
Adjusted EBITA for Q4 increased, with margin improving to 17.8%
Company divesting IT and operations business Zedcom AB
Outlook
Company did not provide specific guidance for future quarters or the upcoming year
Result Drivers
SOFTWARE REVENUE - Recurring net revenue from software LTM increased to MSEK 225 from MSEK 184
EMPLOYEE REDUCTION - Average number of employees decreased to 604 from 647 in Q4
DIVESTMENT - Exsitec is divesting its IT and operations business Zedcom AB
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Slight Miss*
SEK 239 mln
SEK 241 mln (2 Analysts)
Q4 Adjusted EBITA
SEK 43 mln
Q4 Adjusted EBITA Margin
17.80%
Q4 Operating Profit
SEK 34 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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 SEK190.00, about 30.6% above its February 2 closing price of SEK145.50
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago
Press Release: ID:nMFN7bSdBb
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.)
