Redeye - Avtech is on track and awaiting finalizations of contracts

Total revenues came in at 14.5 versus our estimate of 14.7 MSEK for the full year. Q4 sales came in at 4.6 MSEK versus our estimate of 4.8 MSEK. EBIT being a bit worse for Q4 than expected at -1.6 MSEK versus our estimate of -0.4 MSEK. Thus, AVTECH reported a quarter largely in line with our estimates. The focus of the company will likely be to secure future contracts. It’s pivotal that the company will deliver new finalizations the coming quarters to fulfill the set expectations. With the reference customer SWA and confirmation of Etihad, AVTECH should be set for further contract expansion.  

Redeye assess that the company has a strong product within the full-flight operations segment at the moment with favorable offering and trustworthy savings for any given airlines. The company has a solid financial position at year end with cash and cash equivalent amounting to 47 MSEK allowing the planned investments and provides a cushion the coming years. The redemption of the preference shares after the annual general meeting in September will result in a 3.9 million SEK outflow. Read more in the analysis below.

The full analysis in PDF-format: http://korta.nu/bh4

This is a pressrelease from Redeye. Read more at www.redeye.se.