Sweden's Upsales Technology Q3 net sales rise, EBITDA margin hits record
Sweden's Upsales Technology Q3 net sales rise, EBITDA margin hits record
Overview
Sweden B2B software firm's Q3 net sales rose 11% yr/yr, EBITDA margin reached record 46.1%
Company Q3 net income and cash flow from operations increased yr/yr
Annual recurring revenue grew 5% yr/yr, with growth limited by slow business climate and competition
Outlook
Company to publish new long-term financial goals with FY 2026 year-end report
Company sees business climate slowly improving but market remains hesitant
Company plans Q4 product release and rollout of vertical solutions during 2027
Result Drivers
COST DISCIPLINE - Co attributed record EBITDA margin to strong cost control and subsidiary distribution
NON-RECURRING INCOME - Partnership income boosted revenue and cash flow by MSEK 1.6 in Q3
VACATION IMPACT - Lower personnel costs during vacation period contributed to higher Q3 margins
Company press release: ID:nMFN7T6Bj4
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| SEK 42.30 mln |
|
Q3 Net Income |
| SEK 13.10 mln |
|
Q3 Cash Flow From Operating Activities |
| SEK 4.90 mln |
|
Q3 EBIT |
| SEK 16.40 mln |
|
Q3 EBITDA |
| SEK 19.50 mln |
|
Q3 EBITDA Margin |
| 46.10% |
|
Analyst Coverage
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 15 three months ago
Reuters Recommended Reads
Oct 20 - Sweden's Exsitec Q3 net sales rise on recurring software revenue
Oct 19 - Sweden's Truecaller preliminary Q3 net sales rise 3% yr/yr
Oct 20 - France's OVHcloud slightly beats FY2026 revenue estimates on strength in public cloud segment
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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.)