Hexatronic Group: Strong preliminary Q2-figures

Research Note

2020-07-10

12:42

Redeye reiterates its positive long-term stance on Hexatronic on the back of strong preliminary Q2-figures, the key take-away of which was continued strong order book growth 22% y/y, and better than expected growth and profitability numbers. We will await the Q2-report (14th of August) before making any estimate changes, but given the communication in today's press release, our estimates for the current year appear conservative. We will thus make positive adjustments, notably as the adverse effects on Hexatronics sales have diminished in the latter part of the quarter, according to the company.

HH

Havan Hanna

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