Imint Q4 2019: first comments
Imint reported sales of SEK 11. 1m (9. 2m) in Q4 2019, which was almost equal to our forecast of SEK 11. 0m.
Costs were slightly higher than expected, resulting in a net profit of SEK -1. 8m(-1. 9m) compared to our estimates of SEK -1.
5m. A market decline during Q4 of 15. 6% in Chinese smartphone shipments made the rather weak quarter expected.
Considering we forecast that the smartphone market in China will decline further in Q1 due to the Corona-virus, we will come back with a revised valuation.