Business
Air traffic tech firm Avtech's prelim Q1 sales, profit rise on new contracts
Air traffic tech firm Avtech's prelim Q1 sales, profit rise on new contracts
About this update from Avtech Sweden Ab
OverviewSweden digital air traffic solutions firm's preliminary Q1 net sales rose 12% yr/yrPreliminary Q1 net profit up 2.7% yr/yr, impacted by higher sales, tech and relocation costsPreliminary Q1 cashflow rose 23% yr/yr as delayed customer payments were receivedOutlookAvtech aims to increase revenue in 2026 and make it another record yearResult DriversNEW CONTRACTS AND INSTALLED BASE - Co said yr/yr sales growth was driven by new customer contracts and a larger base of connected aircraftLATAM SERVICE PAUSE - Revenue declined compared with previous qtr due to Latam pausing Aventus service for re-evaluation and negative currency effectsWIZZ AIR EXPANSION - Increased number of Wizz Air aircraft using Aventus had a positive impact on revenueCompany press release:Key DetailsMetricBeat/MissActualConsensus EstimateQ1 SalesSEK 11.70 mlnQ1 Net IncomeSEK 3.80 mlnAnalyst CoverageWall Street's median 12-month price target for Avtech Sweden AB (publ) is SEK12.00, about 43.2% above its April 16 closing price of SEK8.38The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months agoFor questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .