Sivers IMA Q4’18: Sales and earnings well below expectations

Research Note

2019-02-15

09:32

Sivers IMA reported net sales well below our forecast, explained by delayed delivery of VCO products and problems in the Chinese FTTH market. Hence, the result, also affected by a write-down of GPON products, was a disappointment. The Chinese FTTH situation is worrisome and we will have to look into our 2019 estimates.

DB

Dennis Berggren

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