AVTECH: A new catalyst for the stock2017-10-06 12:23, Edited at: 2017-10-06 16:34
Today AVTECH announced the long-awaited commercial cooperation with Lufthansa Cargo. This is our second catalyst for the stock that is fulfilled in a six months period. The evaluation period with Lufthansa Cargo started a year ago and this is of course a proof that Aventus Nowcast is a quality product. The contract is a five year long commercial agreement.
We will however not at this point make any big changes in our valuation range. We have already estimated a 83% revenue growth in 2018 and a 50% growth in 2019. But we will consider some minor changes in our estimates for 2019, when the likelihood for a contract with a larger financial impact from one of Lufthansa Groups subsidiaries has increased.
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