Finland's Revenio Q3 net sales jump after Visionix consolidation
Overview
Finland eye care device maker's Q3 net sales rose 128% yr/yr after Visionix consolidation
Q3 adjusted EBITA margin fell to 14.7% from 25.7%, reflecting Visionix's lower margin profile
Company narrowed 2026 net sales guidance to EUR 190-200 mln, citing softer market conditions
Outlook
Revenio sees 2026 exchange rate-adjusted net sales between EUR 190 mln and EUR 200 mln
Company maintains guidance for adjusted EBITA-% at a satisfactory level for 2026
Revenio says lower end of outlook assumes continued softness in market demand and slower customer activity
Result Drivers
VISIONIX CONSOLIDATION - Q3 results reflect first full quarter with Visionix, driving sharp increase in net sales but lowering overall margin profile
REGIONAL SALES VARIATION - Strong sales in EMEA and LATAM, especially France and Italy, offset by challenging APAC market and North America decline due to sales team reorganization
TARIFF REFUNDS - Gross margin benefited from tariff refunds related to North American business
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | EUR 58.80 mln | ||
Q3 EPS | EUR 0.12 | ||
Q3 EBIT | EUR 3.60 mln | ||
Q3 EBITDA | EUR 7.30 mln | ||
Q3 ROE | 2.20% |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."
Wall Street's median 12-month price target for Revenio Group Oyj is €13.60, about 34.9% above its November 11 closing price of €10.08
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago
Reuters Recommended Reads
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Nov 12 - Switzerland's Sonova H1 revenue rises, lifts FY outlook
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)