InfraCom Q4 2023: Sales in line but lower margins

Research Note

2024-02-22

08:58

Redeye states the report aligned with our sales estimate, but periodization effects and organizational investments put temporary weight on the margins, which came in 6pp below our EBIT-margin estimate. Redeye expects to lower our short-term EBIT-margin estimate below management’s target. Redeye expects the impact on the fair value range to be limited.

RJ

Rasmus Jacobsson

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