Hexatronic Group: First comment Q3, organic uptake continues
Research Note
2017-11-15
11:07
Hexatronic delivered yet another strong report with an organic uptake of roughly 27%. Sales mix and supporting purchases of duct to meet demand affected the margin slightly; still, an EBITDA margin of 12.7% is above both historical levels and the target of 10%. The most exciting news, according to us, was that the MATRIX system is now approved by a major US telecom operator. It will take some time before impacting the sales numbers, but the US holds massive potential for Hexatronic.
KL
Kristoffer Lindström
Disclosures and disclaimers