Sweden's Serstech Q2 net sales nearly double on strong commercial activity, losses narrow
Sweden's Serstech Q2 net sales nearly double on strong commercial activity, losses narrow
Overview
Sweden chemical identification firm's Q2 net sales nearly doubled yr/yr
Q2 EBITDA and EBIT losses narrowed from prior year
Company cites improved operational readiness and AI-driven product development
Outlook
Serstech expects several strategic projects to result in orders over the next 12 months
Company expects inventory levels to reach SEK 40 mln in sales value by end-September
Serstech does not foresee significant component shortages or supply chain disruptions in coming quarters
Result Drivers
COMMERCIAL ACTIVITY - Co said Q2 sales growth reflected continued progress in commercial activities despite cautious market conditions
AI ENHANCEMENTS - Improved AI algorithms in instruments delivered better identification performance, especially for complex mixtures, per CEO
OPERATIONAL READINESS - Higher inventory levels and secured components reduced supply chain risks, improving ability to fulfill orders
Company press release: ID:nGNE51xrcj
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| SEK 9.66 mln |
|
Q2 EPS |
| -SEK 0.02 |
|
Q2 EBIT |
| -SEK 5.28 mln |
|
Q2 EBITDA |
| -SEK 2.43 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Serstech AB is SEK0.80, about 46.5% above its July 14 closing price of SEK0.55
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.)
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Sweden's Serstech Q2 net sales nearly double on strong commercial activity, losses narrow
Brief: Serstech Q2 EBITDA SEK -2.426 Million