Ependion Q3 2024: Mixed bag - Redeye

Redeye is a bit surprised by the major drop in Ependion’s Q3 top-line numbers. Sales declined by 20% Y/Y and order bookings remain sluggish. On a positive note, gross margins improved further and costs are well managed. Hence, the “earnings miss” is rather modest. However, the near-term market outlook is still weak/uncertain and we will make some adjustments to our forecasts accordingly.

Länk till analysen i sin helhet: https://www.redeye.se/research/1047955/ependion-q3-2024-mixed-bag?utm_source=finwire&utm_medium=RSS