Volati Q3 net sales rise on acquisitions, platform expansion
Volati Q3 net sales rise on acquisitions, platform expansion
Overview
Sweden industrial group Volati Q3 net sales rose 12% yr/yr, driven by acquisitions
Q3 EBITA fell 23% yr/yr
Company completed two add-on acquisitions during the quarter
Outlook
Company did not provide specific guidance or outlook commentary for future quarters or full year in its press release
Result Drivers
ACQUISITIONS - Co said net sales growth was driven by acquisitions completed during the year
UNDERLYING EARNINGS - Co reported improved underlying EBITA margin before items affecting comparability
PLATFORM EXPANSION - Add-on acquisitions broadened offerings in label and moisture control markets
Company press release: ID:nMFN809MlG
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Miss* | SEK 1.18 bln | SEK 1.19 bln (2 Analysts) |
Q3 Loss Per Share |
| SEK 0.07 |
|
Q3 Net Income |
| SEK 11 mln |
|
Q3 EBITA |
| SEK 58 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer goods conglomerates peer group is "buy"
Wall Street's median 12-month price target for Volati AB is SEK32.50, about 31.3% above its October 22 closing price of SEK24.75
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 8 three months ago
Reuters Recommended Reads
Oct 23 - Sweden's Storskogen Q3 sales rise 4%, EBITA up 6%
Oct 23 - Idun Industrial Q3 net sales rise on acquisitions
Oct 23 - Sweden's Indutrade Q3 EBITA slightly beats estimates on strong order intake, pricing
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.)