Impact Coatings Q4’19: First comments

Research Note

2020-02-14

09:23

Impact Coatings presented their report for the fourth quarter of 2019 this morning; net revenue and EBIT showed few surprises and were in line with estimates. The value of the order backlog for coating machines was EUR 0.3 million at the end of the quarter (order from Zanini Auto Group excluded). As the order flow continues to be weaker than anticipated we will, on a preliminary basis, lower our short-term sales estimates in our coming update.

HH

Havan Hanna

Disclosures and disclaimers

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