Sdiptech Q3’19: EBITA* 15% above forecast – solid in all segments
Yet another robust report from Sdiptech, beating our forecast with 15% on the EBITA* level. While all three segments performed well, SIS and PTS came in above our forecast in terms of EBITA*. Organic growth was once again solid in both W&E and SIS. According to management, the market conditions for the group are generally good.
We will likely increase our forecasts and Base case somewhat.