Overview
Sweden outdoor apparel maker's Q3 sales in local currencies grew 5%, net sales flat yr/yr
Adjusted EBIT for Q3 rose 4% to SEK 105 mln, margin improved to 21.4%
Company completed logistics center relocation and raised SEK 56 mln from warrant exercise
Outlook
Company did not provide specific guidance or outlook for future quarters or full year
Result Drivers
LOGISTICS CENTER RELOCATION - Co completed relocation of logistics center in Sweden during the qtr
Company press release: ID:nMFN1St4Zy
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
SEK 487 mln
Q3 Adjusted EPS
SEK 0.77
Q3 Gross Margin
71.00%
Q3 EBIT
SEK 105 mln
Q3 EBIT Margin
21.40%
Q3 Gross Profit
SEK 345 mln
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
Wall Street's median 12-month price target for RVRC Holding AB is SEK79.50, about 18.2% above its April 27 closing price of SEK67.25
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 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.)
