Hanza Q2’21: Beating Prel. Figures
Redeye sees a strong Q2 report, beating the solid preliminary figures. Both Main Markets and Other Markets increased their EBITA significantly y/y, and 70% of Hanza’s business had EBITA margins above 10% during Q2. However, the Shortage of commodities and components held back sales and EBITA in Q2. We will likely increase our Base case and forecasts somewhat.