Clavister Q1’19: First comments

Research Note

2019-05-09

11:25

Clavisters Q1’19 results first and foremost showed a strong order intake (provides the most consistent view of Clavister’s growth), which increased 38 percent y/y. Revenues came in lower than expected, but EBIT was in line with estimates, driven by a stronger gross margin. All in all a solid report, on a preliminary basis we will not make any bigger estimate adjustments.

HH

Havan Hanna

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