Sweden's Vertiseit Q3 revenue rises 45%, ARR up 44%

Vertiseit AB (publ)

Yesterday 05:11

Overview
Sweden in-store experience platform's Q3 revenue rose 45.4% yr/yr, ARR up 43.9% at constant exchange rates
Adjusted EBITDA increased by 80.9%, while margin improved to 25.1% from 20.2%
Cash flow from operations remained negative, affected by acquisition and integration of Scala

Outlook
Vertiseit did not provide specific guidance for future quarters or the full year

Result Drivers
SCALA ACQUISITION - Co said acquisition and integration of Scala contributed to elevated working capital and affected cash flow
GLOBAL AGREEMENT - Visual Art subsidiary entered global framework agreement with Circle K for software platform and communication
SAAS REVENUE GROWTH - SaaS revenue increased by SEK 38.0 mln to SEK 118.2 mln

Company press release: ID:nMFN838Y5g

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
 
SEK 16.70 mln
 
Q3 Adjusted EBITDA
 
SEK 55.10 mln
 
Q3 ARR
 
SEK 464 mln
 

Analyst Coverage
Wall Street's median 12-month price target for Vertiseit AB (publ) is SEK76.60, about 27.7% above its October 20 closing price of SEK60.00
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 30 three months ago

Reuters Recommended Reads
Oct 20 - Sweden's Upsales Technology Q3 net sales rise, EBITDA margin hits record
Oct 19 - Sweden's Truecaller preliminary Q3 net sales rise 3% yr/yr
Oct 20 - Sweden's Exsitec Q3 net sales rise on recurring software revenue

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.)