InfraCom (Q1 Review): Stop-start turnaround tests patience - Redeye

Q1 reinforced the operational stop-start that has eroded confidence in the InfraCom turnaround, and the share fell 13% on the report. Net sales fell 3% y/y to SEK199m, missing Redeye’s flat expectation. EBITA margin of 10.4% landed below the lower bound of management’s revised 12–15% target. The operational setback is partly offset by a stronger balance sheet post-TRS exit and an undemanding valuation. Against this backdrop, Redeye trims its estimates and cuts its Base Case to SEK25(28).

Länk till analysen i sin helhet: https://www.redeye.se/research/1165783/infracom-q1-review-stop-start-turnaround-tests-patience?utm_source=finwire&utm_medium=RSS