Waystream (Q1 Initial take): Softer than expected, but new targets support the case - Redeye

Q1 was softer than expected, driven by tough comps, FX headwinds, and inventory constraints (~SEK6m impact), but underlying demand remains intact. New operator customers and initial orders from Telia Sweden, together with the new financial targets (20% growth and >20% EBITDA margin), support the case for a gradual acceleration in growth going forward. We therefore view the quarter as not thesis-changing.

Länk till analysen i sin helhet: https://www.redeye.se/research/1159969/waystream-q1-initial-take-softer-than-expected-but-new-targets-support-the-case?utm_source=finwire&utm_medium=RSS