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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Sweden's Vertiseit Q2 loss widens on Scala acquisition costs