Sweden's Upsales Technology prelim Q2 sales rise
Sweden's Upsales Technology prelim Q2 sales rise
Overview
Sweden B2B software firm's preliminary Q2 net sales rose 10.7% yr/yr
Pro forma EBITDA margin seen at 36-38%, above previous guidance
Annual recurring revenue increased quarter-on-quarter
Result Drivers
MARGIN IMPROVEMENT - Pro forma EBITDA margin exceeded previous guidance, attributed to lower costs excluding Aira and spin-off expenses
ARR GROWTH - Annual recurring revenue increased quarter-on-quarter after being flat in Q1
LOWER CHURN - Churn is lower going into Q3, suggesting improved customer retention
Company press release: ID:nMFN3XVjXl
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| SEK 41.40 mln |
|
Analyst Coverage
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago
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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.)