Instalco Q3 revenue beats on strength in Sweden units
Instalco Q3 revenue beats on strength in Sweden units
Overview
Sweden installation services firm's Q3 revenue rose 16.4% yr/yr, beating analyst expectations
Q3 EBIT beat analyst expectations
Company acquired majority stake in Fabri AG during the quarter
Outlook
Company expects delayed Norwegian projects to start in early 2027
Instalco sees encouraging signs in the market despite intense competition
Company says maintaining strong cash flow is a key priority
Result Drivers
CHANGE INITIATIVES - Co said improved profitability and organic growth in Q3 were driven by ongoing change initiatives
SWEDEN PERFORMANCE - Co said subsidiaries in Sweden delivered improved results, contributing to profitability
SALES TRAINING - Co said increased sales training and operational support helped subsidiaries improve project selection and profitability
Company press release: ID:nMFN52kB1J
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | SEK 3.53 bln | SEK 3.46 bln (4 Analysts) |
Q3 Adjusted EPS |
| SEK 0.70 |
|
Q3 EBIT | Beat | SEK 206 mln | SEK 199.25 mln (4 Analysts) |
Q3 Adjusted Free Cash Flow |
| -SEK 66 mln |
|
Q3 EBITA |
| SEK 254 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Instalco AB is SEK48.50, about 14.8% above its October 22 closing price of SEK42.24
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
Oct 22 - Sweden's AFRY beats Q3 sales estimates on strong order backlog
Oct 23 - Sweden's Storskogen Q3 sales rise 4%, EBITA up 6%
Oct 23 - Sweden's Karnell Group Q3 EBITA jumps 73% on strong sales
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.)