Overview
Sweden digital air traffic solutions firm's preliminary Q1 net sales rose 12% yr/yr
Preliminary Q1 net profit up 2.7% yr/yr, impacted by higher sales, tech and relocation costs
Preliminary Q1 cashflow rose 23% yr/yr as delayed customer payments were received
Outlook
Avtech aims to increase revenue in 2026 and make it another record year
Result Drivers
NEW CONTRACTS AND INSTALLED BASE - Co said yr/yr sales growth was driven by new customer contracts and a larger base of connected aircraft
LATAM SERVICE PAUSE - Revenue declined compared with previous qtr due to Latam pausing Aventus service for re-evaluation and negative currency effects
WIZZ AIR EXPANSION - Increased number of Wizz Air aircraft using Aventus had a positive impact on revenue
Company press release:
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 11.70 mln
Q1 Net Income
SEK 3.80 mln
Analyst Coverage
Wall 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 SEK8.38
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago
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