Sweden's Kebni Q3 net sales falls
Sweden's Kebni Q3 net sales falls
Overview
Sweden inertial sensing and satcom supplier's Q3 net sales fell 6% yr/yr
Company completed 55 mln SEK share issue, boosting cash position
Company divested ScaffSense shares as part of strategic focus
Outlook
Company says production capacity has recovered to meet current customer demand
Kebni expects deliveries for Saab IMU order to continue through 2027
Company is investing to double current maximum production capacity
Result Drivers
INERTIAL SENSING RECOVERY - Co said production volumes recovered after earlier component shortages, supported by new IMU order from Saab
SATCOM DEMAND - Co cited ongoing demand for NATO-compatible and dual-band Satcom solutions, with new aftermarket order from European NATO country
CASH POSITION - Share issue and asset sale boosted cash, giving co more flexibility for strategic initiatives
Company press release: ID:nMFNbddYr4
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| SEK 28.72 mln | SEK 32 mln (1 Analyst) |
Analyst Coverage
Wall Street's median 12-month price target for KebNi AB (publ) is SEK0.90, about 45.6% above its October 20 closing price of SEK0.62
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 18 three months ago
Reuters Recommended Reads
Oct 21 - Sweden's Vertiseit Q3 revenue rises 45%, ARR up 44%
Oct 19 - Sweden's Truecaller preliminary Q3 net sales rise 3% yr/yr
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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.)