Exsitec Q3 sales up 23% but miss analyst forecasts as margin narrows
Swedish digital solutions provider Exsitec grew third-quarter sales 23% but fell short of consensus, while its operating result swung to a loss.
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what happened
According to Reuters, third-quarter net sales at Swedish digital solutions provider Exsitec rose 23% year on year to SEK 231 million. The consensus estimate from two analysts, based on LSEG data, was SEK 240 million. The adjusted EBITA margin eased to 12.9% from 13.5% a year earlier, and the company posted an operating loss of SEK 8 million. Recurring net revenue from software climbed to SEK 270 million on a last-twelve-months basis, up from SEK 217 million. Average headcount rose to 660 from 596. Exsitec did not give guidance for future quarters or the full year.
why it matters
The report is mixed: revenue growth and recurring software income stand out, while the lower margin and the operating loss weigh on the picture. According to Reuters, analysts on average rate the shares a buy, with a median 12-month target of SEK 164 against a SEK 110 close on October 19. With no outlook provided, investors will likely focus on margin trends in upcoming reports.
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- Sweden's Exsitec Q3 net sales rise on recurring software revenue — Reuters, 20 October 2026 at 06:09 UTC
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