Sweden's Micro Systemation Q3 sales, profit rises

Micro Systemation AB (publ)

Today 06:18

Overview
Sweden forensic tech firm's Q3 net sales rose 19% yr/yr to SEK 175.0 mln
Q3 adjusted EPS increased to SEK 3.05 from SEK 1.90 yr/yr
Company attributes record results to strategic execution and European military contract

Outlook
Company plans to increase investment in development over the coming year to accelerate innovation
Company says regional conditions and public sector investment cycles may affect individual quarters

Result Drivers
STRATEGY EXECUTION - Co said consistent execution of its strategy and scalable business model delivered higher revenue and profitability
CUSTOMER LOYALTY - Co said long-standing customer relationships and recurring business supported growth
MILITARY CONTRACT - Co secured a significant agreement with a European military customer, expanding its presence in the defence sector

Company press release: ID:nMFN8Blzw

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
 
SEK 3.05
 
Q3 Net Income
 
SEK 56.30 mln
 
Q3 Adjusted Free Cash Flow
 
SEK 3.10 mln
 
Q3 EBIT Margin
 
41.10%
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Micro Systemation AB (publ) is SEK109.00, about 0% even its October 22 closing price of SEK109.00
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
Oct 22 - Norway's Kitron Q3 revenue beats estimates on defence demand
Oct 22 - Sweden's MilDef Q3 net sales rises on strong demand for digital infrastructure
Oct 22 - Austria's Steyr Motors Q3 revenue rises 11.2% on defense contracts

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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.)