Ependion (Q2 Initial take): Another solid report - Redeye

Ependion’s second quarter showed continued strong order intake and higher sales than we expected. Organic growth amounted to 10% with both business entities on a similar level. Earnings improved significantly Y/Y with adjusted EBITA margins of 13.5% closing in on the group’s target of 15%. Ependion’s outlook is now somewhat more optimistic, supporting our view of good prospects for profitable growth.

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