Redeye - AVTECH is positioned for growth
AVTECH reported a quarter with somewhat lower revenues than expected at 3.1 MSEK (estimated 5.4 MSEK). However, Aventus NowCast descent revenues was the primary contributor to the reported revenues by an estimated amount of 1.5 - 1.9 MSEK which was in line with our estimates. AVTECH is positioned for growth due to the largely untapped market and Southwest Airlines being a paramount reference customer to secure future Aventus NowCast contracts. Escalation in regulatory pressure from the US and Europe will also act as a demand driver. Future revenue growth is by large priced in today.The bear and bull case scenarios indicate 4.5 SEK and 15 SEK respectively. Read more in the analysis below.
The full analysis in PDF-format: http://korta.nu/Mp6
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