Sweden's Ratos beats Q3 sales estimates

Ratos AB

Today 06:40

Overview
Sweden investment company's Q3 net sales rose, beating analyst expectations
Q3 EBIT also beat analyst expectations
Adjusted EPS for Q3 increased yr/yr

Outlook
Company did not provide specific guidance for the current quarter or full year in its press release

Result Drivers
ORGANIC GROWTH - Co said Q3 was characterized by healthy organic growth across portfolio companies
IMPROVED PROFITABILITY - Co attributed broad improvement in profitability to portfolio company performance
PORTFOLIO DEVELOPMENT - Co said it continued organic growth initiatives, add-on acquisitions and added industrial expertise to boards

Company press release: ID:nMFN8pWrwN

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
SEK 4.43 bln
SEK 4.26 bln (4 Analysts)
Q3 EPS
 
SEK 0.83
 
Q3 Net Income
 
SEK 327 mln
 
Q3 EBIT
Beat
SEK 450 mln
SEK 375.43 mln (3 Analysts)
Q3 Adjusted EBITA
 
SEK 480 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Ratos AB is SEK43.00, about 17.7% above its October 22 closing price of SEK36.52
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Oct 23 - Sweden's Storskogen Q3 sales rise 4%, EBITA up 6%
Oct 23 - Sweden's Karnell Group Q3 EBITA jumps 73% on strong sales
Oct 22 - Sweden's Essity slightly misses Q3 net sales estimates

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.)