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.)
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