Talenom - Clear earnings beat
Talenom earnings were clearly better than expected. Net sales in Q3 were in line with our estimates, at EUR 11.1m (EUR 10.9m/11.0m Evli/cons.). Profitability beat both our and consensus estimates, with EBITDA at EUR 3.1m compared to EUR 2.2m/2.3m Evli/cons.
- Talenom’s net sales in Q3 amounted to EUR 11.1m, compared to EUR 10.9m/11.0m Evli/cons. Sales growth amounted to 19.8 % y/y.
- The revenue from additional services during Jan-Sep 18 amounted to EUR 2.4m, with growth of 66 % to the comparison period.
- EBITDA in Q3 was EUR 3.1m compared to EUR 2.2m/2.3m Evli/cons. EBITDA improved 59 % y/y. The EBITDA-margin in Q3 was 27 %.
- EBIT in Q3 was EUR 1.9m compared to EUR 1.0m/1.1m Evli/cons. The EBIT-margin in Q3 was 16.6 %.
- Net investments in Q3 were EUR 1.6m compared to EUR 1.6m in Q3/17.
- Talenom’s guidance was kept intact, expecting sales to grow clearly faster than in 2017 (12.1 %) and the EBIT to be between EUR 7.4-8.0m.