Sweden's Instalco Q2 revenue beats on growth in all segments
Sweden's Instalco Q2 revenue beats on growth in all segments
Overview
Sweden installation services firm's Q2 revenue rose 10.3% yr/yr, beating analyst expectations
Q2 EBIT missed analyst expectations
Company cites operational improvements and growth in all segments for earnings gains
Outlook
Company did not provide specific financial guidance for the current or coming quarters
Result Drivers
OPERATIONAL IMPROVEMENTS - Co said earnings gains were driven by improvements and streamlined working methods implemented across the group
SEGMENT-WIDE GROWTH - Growth reported in all segments, with further growth in the order backlog, per CEO Per Sjöstrand
EARNINGS IMPROVEMENT IN SWEDEN - Co said earnings improvement in Sweden was a particularly positive development, reflecting effects of initiatives implemented
Company press release: ID:nMFN77d3Bh
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | SEK 3.87 bln | SEK 3.69 bln (4 Analysts) |
Q2 Adjusted EPS |
| SEK 0.46 |
|
Q2 EBIT | Miss | SEK 242 mln | SEK 245.25 mln (4 Analysts) |
Q2 Adjusted Free Cash Flow |
| SEK 104 mln |
|
Q2 EBITA |
| SEK 274 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 SEK45.00, about 15.4% above its July 16 closing price of SEK39.00
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 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.)