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
Disclosures and disclaimers