Sweden's Qliro Q2 revenue up 24% on payment volume growth
Sweden's Qliro Q2 revenue up 24% on payment volume growth
Overview
Sweden fintech firm's Q2 net revenue rose 24% yr/yr
Company achieved Q2 profitability, with operating profit at SEK 0.7 mln vs loss last year
Net credit losses declined from a year earlier
Outlook
Company did not provide specific guidance for future quarters or the full yr
Result Drivers
PAYMENT VOLUME GROWTH - Co said total payment volume rose 28% yr/yr in Q2, supporting higher net revenue
CREDIT LOSS IMPROVEMENT - Co reported lower credit losses as a percentage of payment volume, at 0.45% vs 0.67% a year earlier
Company press release: ID:nMFN1L1VSJ
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| -SEK 0.04 |
|
Q2 Net Income |
| SEK 700,000 |
|
Q2 Net Credit Losses |
| -SEK 23.7 mln |
|
Q2 Operating Expenses |
| -SEK 95.2 mln |
|
Q2 Operating Income |
| SEK 700,000 |
|
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 12 times the next 12-month earnings vs. a P/E of 10 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.)