Hexatronic Group: First comment Q2, strong internationally but soft in Sweden
Research Note
2018-08-16
12:12
Overall the report was mostly as expected with a little stronger sales, but somewhat lower profitability. A softer Swedish market is of course not great, but it’s something we already had in our projections and that the company is adapting to. It’s evident that Hexatronic Group is moving forward in key growth markets like the USA and the UK; here is where the long-term value and opportunity lies. We will likely make some minor downward adjustments to our forecasts, but not to any significant degree. Our long-term view for the growth case of Hexatronic is intact. Our current Base-case amounts to 78 SEK per share.
KL
HH
Kristoffer Lindström
Havan Hanna
Disclosures and disclaimers