Sweden's Pierce Q4 revenue rises 3%, adjusted EBIT improves

Pierce AB (publ)

20/02/2026 07:09

Overview

European e-commerce firm's Q4 net revenue rose 3% to SEK 464 mln

Adjusted EBIT for Q4 improved to SEK 13 mln from SEK 1 mln last year

Company reported strong Q4 cash flow of SEK 79 mln

Outlook

Pierce expects profitability to improve in 2026 as transformation costs decline

Company anticipates EBIT improvement by SEK 30-40 mln annually post system deployment

Pierce plans to expand into new markets and verticals as technology platform deploys

Result Drivers

MARKET SHARE GAIN - Co attributed Q4 revenue growth to increased market share despite challenging conditions

TRANSFORMATION INITIATIVES - Implementation of new IT systems and Pierce 2.0 program improved efficiency and scalability

COSTS OFFSET BY PROFITABILITY - Transformation-related costs impacted results but were offset by improved profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
SEK 464 mln
Q4 Adjusted EPS
SEK 0.10
Q4 Adjusted EBITDA
SEK 24 mln
Q4 Gross Margin
43.50%
Q4 Adjusted EBIT
SEK 13 mln
Q4 Adjusted EBIT Margin
2.80%


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the department stores peer group is "buy"

Wall Street's median 12-month price target for Pierce Group AB (publ) is SEK17.00, about 70.7% above its February 19 closing price of SEK9.96

The stock recently traded at 996 times the next 12-month earnings vs. a P/E of 49 three months ago

Press Release: ID:nMFN4hNSX7

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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.)