Germany's IVU Traffic Technologies 9M revenue rises, guidance reiterated
Overview
Germany transport software firm's preliminary 9M revenue and EBIT rose significantly yr/yr
Company attributes gains to recurring revenue growth and efficiency measures
Full-year 2026 guidance for revenue, gross profit and EBIT reiterated
Outlook
IVU reiterates 2026 revenue outlook of over €160 mln
Company maintains 2026 gross profit guidance at around €130 mln
IVU keeps 2026 operating profit (EBIT) forecast at around €22 mln
Result Drivers
RECURRING REVENUE - Co said further increase in recurring revenue led to more even distribution of revenue and earnings over the year
EFFICIENCY MEASURES - Co said efficiency measures implemented since Q1 positively impacted profitability
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Revenue | EUR 111.50 mln | ||
9M Gross Profit | EUR 91.90 mln | ||
9M Operating Income | EUR 10.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for IVU Traffic Technologies AG is €29.50, about 9.3% above its October 27 closing price of €27.00
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 20 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)