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
Disclosures and disclaimers