Sweden's Rugvista Q2 revenue rises on higher order volumes
Sweden's Rugvista Q2 revenue rises on higher order volumes
Overview
Sweden e-commerce carpet retailer's Q2 net revenue rose 15.6% yr/yr
Gross margin improved to 67.1% from 62.5% yr/yr
Growth driven by higher order volume and increased average order value
Outlook
Company did not provide specific guidance for the current or upcoming periods
Result Drivers
ORDER VOLUME - Co said growth was driven by a higher number of orders
AVERAGE ORDER VALUE - Co said higher average order value contributed to revenue growth
ASSORTMENT DEVELOPMENT - CEO said continued development in offering and assortment mix supported healthy demand
Company press release: ID:nWkr3B9PFh
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| SEK 173.90 mln |
|
Q2 Net Income |
| SEK 15.60 mln |
|
Q2 Gross Margin |
| 67.10% |
|
Q2 EBIT |
| SEK 20.50 mln |
|
Q2 EBIT Margin |
| 11.80% |
|
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 SEK85.00, about 41.7% above its July 16 closing price of SEK60.00
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 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.)