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VERT B — Vertiseit AB (publ) News Story

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Sweden's Vertiseit Q2 loss widens on Scala acquisition costs

Sweden's Vertiseit Q2 loss widens on Scala acquisition costs


Overview

  • Sweden in-store experience platform's Q2 ARR rose 52% yr/yr to SEK 440 mln

  • Net sales grew 19% yr/yr, partly driven by Scala acquisition

  • Net loss widened due to SEK 28.6 mln in acquisition and integration costs for Scala


Outlook

  • Company did not provide specific guidance for future quarters or the full year


Result Drivers

  • SCALA ACQUISITION - Net sales growth partly driven by acquisition of Scala, which also led to higher acquisition and integration costs

  • STRONG ARR AND SAAS GROWTH - ARR rose 52% yr/yr and SaaS revenue increased, reflecting both organic growth and the impact of the Scala acquisition


Company press release: ID:nMFN9y9Xmk


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Net Income

-SEK 18.30 mln

Q2 Adjusted EBITDA

SEK 36.70 mln

Q2 ARR

SEK 440 mln


Analyst Coverage

  • Wall Street's median 12-month price target for Vertiseit AB (publ) is SEK75.75, about 35.8% above its July 15 closing price of SEK55.80

  • The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 30 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.)

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