Hexatronic Group: Q3’19 preview

Research Note

2019-11-05

07:04

Hexatronic will release their report for the 3rd quarter of 2019 tomorrow (6th of November). We expect to see a growth of 21%, supported by; a strong organic order book (entered the third quarter with an order book 20% higher organically y/y), earlier acquisitions and strong development in both the UK and the US. We continue to have a positive view on Hexatronic with a base case of SEK 73 per share. Improved profitability and new deals in the UK is seen as the primary catalysts. In the UK, several procurements processes will take place in the near future.

HH

KL

Havan Hanna

Kristoffer Lindström

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