Overview
Sweden's e-commerce carpet seller's Q4 revenue rose 9.9% yr/yr
Gross margin improved to 63.1% from 62.1%
Board proposed dividend of SEK 5.00 per share, up from SEK 1.25
Outlook
RugVista targets long-term double-digit organic growth
Company maintains long-term target of 15% EBIT margin
RugVista plans to distribute up to 50% of net profit as dividends
Result Drivers
ASSORTMENT AND EFFICIENCY - CEO Ebba Ljungerud attributed growth to improvements in assortment, customer experience, and efficiency
GROSS MARGIN CONTROL - Gross margin improved to 63.1%, reflecting strong control over offerings and purchasing
CURRENCY IMPACT - Operating profit was negatively impacted by SEK 4.6 mln due to currency revaluation losses
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
SEK 270.30 mln
Q4 Net Income
SEK 26.40 mln
Q4 Gross Margin
63.10%
Q4 EBIT
SEK 32.20 mln
Q4 EBIT Margin
11.90%
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the department stores peer group is "buy."
Wall Street's median 12-month price target for Rugvista Group AB (publ) is SEK91.00, about 46.8% above its February 4 closing price of SEK62.00
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago
Press Release: ID:nWkr2Pj9X4
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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.)