AVTECH (Q1 Review): Share overshoots Aventus loss — pipeline near inflection - Redeye

AVTECH's Q1 2026 results confirmed pre-announced figures, with net sales of SEK11.7m falling 11% short of Redeye's estimate amid the LATAM Aventus pause and a modest FX headwind. The share has declined approximately SEK2.3 since the day before the key figures release, which Redeye estimates exceeds the fair value impact of a full Aventus contract loss (~SEK2 per share). With the LATAM situation still a re-evaluation rather than a confirmed cancellation, ongoing Southwest negotiations characterised as constructive, and the broader sales pipeline showing proof-of-value at several customers, Redeye views risk/reward as skewed to the upside at current levels. Redeye reduces its 2026–2029 net sales estimates by 8% to reflect the current run-rate, anticipating an H2 recovery driven by new contract signings or LATAM resolution. The base case is revised to SEK9(10), with a fair value range of SEK5.5–13 (SEK6–15).

Länk till analysen i sin helhet: https://www.redeye.se/research/1161710/avtech-q1-review-share-overshoots-aventus-loss-pipeline-near-inflection?utm_source=finwire&utm_medium=RSS