Hexatronic Group: First comment Q2, better profitability than expected and a massive order book

Research Note

2017-08-24

08:55

Hexatronic Group presented their report for the second quarter of 2017 this morning. The Group reported sales in-line with our projections but with higher profitability. The order book looked extremely compelling and was 92% higher when the company entered Q3 compared to the same period last year. Hexatronic continues to strengthen their market position, and invest to secure future growth. We will most likely have to adjust our sales estimates slightly upwards following the report; we will also look into our long-term margin assumptions.

KL

Kristoffer Lindström

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