Image Systems: Turn-around Around the Corner
Redeye is encouraged to see that costs have been well managed and further initiatives are under way. Earnings in Q3 were higher than we expected, in spite of a significant sales drop. However, management is rather optimistic regarding the market outlook where they see an improving sentiment for investments in the sawmill industry. Given the progress on cost reductions we are now more confident about a turn-around in 2021 with black numbers on bottom line.