Sweden's Mentice Q2 sales rise, EBITDA turns positive on strategic initiatives

Mentice AB

23/07/2026 06:10

    

    Overview
  
Sweden simulation solutions provider's Q2 net sales rose 25.5% after currency effects
Q2 EBITDA turned positive to SEK 6.3 mln from a loss last year
Company cites cost reductions and operational changes for improved results

    

    Outlook
  
Company did not provide specific guidance for the current quarter or full year in its press release

    

    Result Drivers
  
STRATEGIC INITIATIVES - Co said last year's workforce realignment and cost reductions contributed to improved EBITDA and operating cash flow
ORDER GROWTH - Strong organic growth in order intake supported higher sales
LARGE ORDERS - Co received two orders worth USD 2.4 mln from a top 20 global MedTech company

    
Company press release: ID:nMFN8fz7Tm

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Sales
 
SEK 79.60 mln
 
Q2 Loss Per Share
 
SEK 0.03
 
Q2 Net Loss
 
SEK 900,000
 
Q2 ADJ-EBITDA
 
SEK 6.30 mln
 
Q2 Cash Flow From Operating Activities
 
SEK 8.30 mln
 
Q2 EBITDA
 
SEK 6.30 mln
 

    

    Analyst Coverage
  
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy."
Wall Street's median 12-month price target for Mentice AB is SEK28.50, about 111.1% above its July 22 closing price of SEK13.50
The stock recently traded at 120 times the next 12-month earnings vs. a P/E of 79 three months ago

    

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July 21 - Sweden's Asker Healthcare Q2 profit jumps on increased scale
July 22 - J&J enters US robotic surgery market after device gets marketing authorization
July 21 - Danaher Q2 revenue, adjusted EPS beats on life sciences segment strength; raises outlook

    
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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.)