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

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