Sensys Gatso: Strong Q4

Research Note

2022-02-23

08:59

Redeye concludes that Q4 was stronger than expecteded. Revenue was 15% above expectations, where TRaaS was on the slightly above estimates and System Sales was very strong. The order book is in line with the level communicated in Q3. Also, the Saudi order is developing according to plan and the company has found a compromise to the deal in Costa Rica. Redeye will only make smaller adjustments to its estimates and maintain its valuation.

JVK

Jesper Von Koch

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