Sweden's Invisio Q3 revenue misses estimates
Sweden's Invisio Q3 revenue misses estimates
Overview
Sweden communications tech firm's Q3 revenue rose 40% yr/yr but missed analyst expectations
Q3 EBITDA rose yr/yr but missed analyst expectations
Company won multi-year Canadian Armed Forces contract worth up to SEK 450 mln
Outlook
Company says market outlook remains favorable, supported by rising defense spending
INVISIO expects continued demand due to modernization of defense capabilities
Company awarded multi-year contract by Canadian Armed Forces, potential value up to SEK 450 mln
Result Drivers
U.S. MARKET RECOVERY - Co said revenue growth was supported by a recovery in the U.S. market
NEW PRODUCT DELIVERIES - Co said increased deliveries of new products contributed to revenue growth
CANADIAN CONTRACT - Co awarded multi-year contract by Canadian Armed Forces, potential value up to SEK 450 mln
Company press release: ID:nMFNgPYDs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | SEK 408.10 mln | SEK 422.84 mln (5 Analysts) |
Q3 EPS |
| SEK 0.66 |
|
Q3 Net Income |
| SEK 30.60 mln |
|
Q3 Gross Margin |
| 56.00% |
|
Q3 EBITDA | Miss | SEK 51.80 mln | SEK 73.92 mln (5 Analysts) |
Q3 EBIT |
| SEK 32.20 mln |
|
Q3 EBITDA Margin |
| 12.70% |
|
Q3 EBIT Margin |
| 7.90% |
|
Q3 Orders |
| SEK 565.50 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Invisio AB is SEK340.00, about 32.7% above its October 29 closing price of SEK256.20
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 23 three months ago
Reuters Recommended Reads
Oct 29 - Kongsberg Gruppen Q3 revenue beats estimates on defence demand
Oct 29 - Finland's Bittium Q3 sales nearly double on strong growth in Defence & Security business
Oct 28 - Sweden's Epiroc Q3 revenue up 10% on mining demand
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.)