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 

This is a press release from Redeye. Read more analysis at www.redeye.se. 

About Us

About AVTECH Sweden AB (publ):AVTECH develops products and services for digital Air Traffic Management (ATM). Its customers include the global aviation industry; e.g. airlines, airports, aviation authorities, technology companies and airline manufacturers. By using AVTECH’s products and services, each individual flight as well as the entire airline operation can be optimized in terms of cost, noise and emission, efficiency, punctuality and safety. AVTECH Sweden AB is listed on NASDAQ OMX First North and has appointed Redeye AB, tel: +46 8 545 013 30, as Certified Adviser. Web: www.avtech.se

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