Yhtiö julkaisi eilen illalla Q2:n keskeisiä, alustavia talouslukuja.
FINANCIAL KEY FIGURES FOR THE QUARTER
2026 2026 2025 MSEK Quarter 2 Quarter 1 Quarter 2 Net sales 12.6 11.7 11.8 Operating earnings before depreciation +5.0 +4.7 +5.5 Net earnings +4.0 +3.8 +4.1 Net earnings per share, SEK +0.071 +0.068 +0.073 ARR* 51.5 49.4 47.6 Rule of 40** 37.9% 43.3% 71.6% Cashflow -2.9 +3.2 -2.8 Cash and cash equivalents 34.2 37.1 27.2 Equity 60.7 62.3 49.3 Equity per share, SEK 1.07 1.10 0.87 Equity ratio, % 90.3% 92.5% 91.9%
Redeye kommentoi: Key figures show a steady Q2 buried by the LATAM sell-off
AVTECH presented its Q2 key figures yesterday, and operationally the quarter was steady: net sales rose 7% to SEK12.6m (1% above Redeye’s estimate) and ARR grew 8%, though EBITDA came in 13% below estimate on step-up investment. The market has nonetheless sold the shares off on fears that LATAM is gone for good. Redeye thinks that loss is already largely in the price: at SEK4.7 the stock sits only marginally above the SEK3.5–4.5 Redeye reckons the business is worth without LATAM, and LATAM has signalled it intends to resume after the pause. Risk/reward has skewed positive, with a LATAM return the catalyst for a sharp re-rating.