Sweden's Stockwik Q2 EBITA rises 28%, net sales up 2.3%
Sweden's Stockwik Q2 EBITA rises 28%, net sales up 2.3%
Overview
Sweden small-business platform's Q2 net sales rose 2.3%, with negative organic growth
Q2 EBITA increased 27.8%, with 18.3% organic growth
Operational cashflow turned positive in Q2 compared to prior year
Outlook
Company did not provide specific financial guidance or outlook for future periods
Result Drivers
EBITA GROWTH - Co said EBITA increased by 28% in the quarter, with 18.3% organic growth
CASH FLOW IMPROVEMENT - Co said operational cash flow turned positive compared to prior year
Company press release: ID:nMFN7gZyb2
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| SEK 242.10 mln |
|
Q2 Adjusted Loss Per Share |
| SEK 0.28 |
|
Q2 Loss Per Share |
| SEK 0.28 |
|
Q2 Net Loss |
| SEK 2.20 mln |
|
Q2 Gross Margin |
| 57.90% |
|
Q2 EBIT |
| SEK 11.80 mln |
|
Q2 Pretax Loss |
| SEK 2.60 mln |
|
Analyst Coverage
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago
Reuters Recommended Reads
Aug 18 - Sweden's Alcadon Q2 net sales rise 2.1%, EBITA up 9.1%
Aug 19 - Sweden's Idun Industrier Q2 sales rise on acquisitions
Aug 19 - Sweden's Latour Q2 sales rise on strong industrial demand
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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.)