Sweden's KebNi Q2 revenue falls on SatCom order delays
Sweden's KebNi Q2 revenue falls on SatCom order delays
Overview
Sweden inertial sensing and SatCom firm's Q2 revenue fell 14% yr/yr on delayed SatCom orders
Adjusted net profit for Q2 remained negative, impacted by ScaffSense joint venture impairment
Company expects order recovery in Q3 after addressing supply chain disruptions
Outlook
Kebni expects full recovery from supply chain disruptions in Q3, with no orders lost
Company says delayed SatCom orders remain pending due to customer decision and procurement processes
Kebni is doubling Inertial Sensing production capacity to support expected future volumes
Result Drivers
DELAYED SATCOM ORDERS - Co said Q2 revenue was hurt by continued delays in SatCom customer orders due to end customers' internal decision-making and procurement processes
SCAFFSENSE IMPAIRMENT - Co recognized an impairment on its ScaffSense joint venture, negatively impacting operating result
HIGHER COST BASE - Investments in engineering and development for SatCom and inertial sensing increased costs in the short term
Company press release: ID:nMFN9tTzn6
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Miss* | SEK 28.80 mln | SEK 29 mln (1 Analyst) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
Wall Street's median 12-month price target for KebNi AB (publ) is SEK1.25, about 12.1% above its August 13 closing price of SEK1.12
The stock recently traded at 72 times the next 12-month earnings vs. a P/E of 21 three months ago
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(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.)