InfraCom (Q1 Initial take): EBITA margin slips - Redeye

InfraCom's Q1 came in below Redeye's expectations. Net sales fell 3% y/y to SEK199m, missing Redeye's SEK205m estimate by 3%, with management attributing the shortfall to the deliberate wind-down of low-margin hardware revenue. Gross margin slipped 1pp y/y to 51%, and EBITDA missed Redeye's estimate by 14% on the combination of softer sales and OPEX 4% above forecast. CEO Bo Kjellberg flagged a higher targeted acquisition pace going forward and reiterated the focus on the Connect turnaround. Redeye expects a negative share-price reaction due to margin and growth miss.

Länk till analysen i sin helhet: https://www.redeye.se/research/1165139/infracom-q1-initial-take-ebita-margin-slips?utm_source=finwire&utm_medium=RSS