AVTECH: Slower growth than expected
AVTECH reported net sales of SEK 3. 1 million (estimate SEK 3. 8 million) in Q3 2018. YoY growth was 15%.
EBITDA of SEK 0. 9 million was however in line with our estimates of SEK 0. 7 million.
Our estimated revenue growth from Easyjet continues to be slower than expected. AVTECH’s potential pipeline in signing new contracts, however, looks bright.