Sweden's Qliro Q3 net revenue rises on strength in SME segment
Sweden's Qliro Q3 net revenue rises on strength in SME segment
Overview
Sweden fintech firm's Q3 net revenue rose 21% yr/yr
Company posted small operating profit after loss in prior year
SME segment drove over half of Q3 payment volume growth
Outlook
Company did not provide specific financial guidance for future quarters in its press release
Result Drivers
SME SEGMENT - Co said SME segment accounted for over half of payment volume growth, contributing to a more stable and profitable merchant base
COST CONTROL - Co said adjusted operating expenses were in line with previous year
LOWER CREDIT LOSSES - Co reported credit losses as a percentage of payment volume declined to 0.52% from 0.61%
Company press release: ID:nMFN438RCM
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted Loss Per Share |
| SEK 0.06 |
|
Q3 Loss Per Share |
| SEK 0.06 |
|
Q3 Adjusted Net Income |
| SEK 200,000 |
|
Q3 Adjusted Operating Profit |
| SEK 200,000 |
|
Q3 Net Credit Losses |
| -SEK 26.70 mln |
|
Q3 Operating Expenses |
| -SEK 93.40 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago
Reuters Recommended Reads
Oct 21 - Sweden fintech investor VEF posts Q3 net loss
Oct 22 - Swedbank Q3 net income slightly beats expectations
Oct 22 - Sweden's SEB Q3 net profit falls on muted client activity
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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.)