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
Disclosures and disclaimers