Redeye Today: AVTECH: Q1 2017 comments
AVTECH reported revenue of SEK 2. 9 million. The revenue was lower than our expectations of SEK 3. 7 million.
However EBIT was SEK -1. 3 million, which is in line with our estimates of SEK -1. 0 million.
The worse than expected revenue growth can be explained in a slow ramp up in the Southwest Airlines contract were the majority of the revenue streams comes from.