Hexatronic Q1 2023: EBITA 8% Better than Expected
Research Note
2023-04-27
08:00
Redeye retains its positive view of Hexatronic following a solid Q1 report, with EBITA beating our forecast by 8%. While inflation and increasing financing costs affect the FTTH market, management believes the negative effect on its customers is minor and sees a positive development among new and current customers. We will likely leave our forecasts and Base Case largely unchanged.
FN
Fredrik Nilsson
Disclosures and disclaimers