Picture of Prevas AB logo

PREV B — Prevas AB News Story

0.000.00%
se flag iconLast trade - 00:00
TechnologyAdventurousSmall CapContrarian

Sweden's Prevas Q2 EBITA and net income fall on restructuring costs

Sweden's Prevas Q2 EBITA and net income fall on restructuring costs


Overview

  • Sweden product development firm's Q2 net sales declined slightly from prior year

  • Q2 EBITA and net income fell yr/yr, impacted by restructuring costs and Finnish operations

  • Company implemented restructuring to strengthen long-term profitability and efficiency


Outlook

  • Prevas says improved cost structure and higher order intake support outlook for H2 2026

  • Company expects gradual improvement in earnings and growth during remainder of 2026


Result Drivers

  • FINNISH OPERATIONS - Co said weaker performance in Finnish operations weighed on group results

  • RESTRUCTURING COSTS - SEK 8 mln in restructuring costs reduced Q2 operating profit; measures aimed at strengthening long-term profitability

  • COST STRUCTURE AND UTILIZATION - Improved cost structure and higher utilization in parts of the group contributed positively, per company


Company press release: ID:nWkr2ccp4k


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

SEK 405.10 mln

Q2 Net Income

SEK 6.20 mln

Q2 EBIT

SEK 11.50 mln

Q2 EBITA

SEK 15.10 mln


Analyst Coverage

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Recent news on Prevas AB

See all news