Sweden's Oneflow Q2 sales rise on customer retention
Sweden's Oneflow Q2 sales rise on customer retention
Overview
Sweden contract automation platform's Q2 net sales rose 18% yr/yr to SEK 49.1 mln
Q2 EBIT loss narrowed to SEK -3.4 mln, EBITDA turned positive
Annual Recurring Revenue grew 17% yr/yr to SEK 200.6 mln
Outlook
Company expects gradual improvement in customer retention over coming quarters
Oneflow maintains long-term ambition of over 30% ARR growth and profitability within existing funding
Company says broader market remains cautious
Result Drivers
CUSTOMER RETENTION - Co said improved gross and net revenue retention rates contributed to results
OPERATIONAL EFFICIENCY - Co attributed improved EBIT margin and EBITDA to structural improvements and efficiency initiatives
PLATFORM INVESTMENTS - Co said new AI, enterprise features and certifications strengthened its platform and position with enterprise customers
Company press release: ID:nWkr4B4ggD
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| SEK 49.10 mln |
|
Q2 ARR |
| SEK 200.60 mln |
|
Q2 EBIT |
| -SEK 3.40 mln |
|
Q2 EBIT Margin |
| -7.00% |
|
Q2 Loss Per Basic Share |
| SEK 0.12 |
|
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 Oneflow AB is SEK25.00, about 39.3% above its August 13 closing price of SEK17.95
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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.)