Redeye - Hexatronic Group: Investing to fuel growth

Hexatronic’s report for the third quarter of the split financial year of 2015/16 was strong and exceeded our expectations, primarily on the revenue levels.The organic growth amounted to an impressive 42% during the quarter. Hexatronic has invested heavily in production personnel to be able to handle the substantial demand; this dampens the current profitability levels but enhances the prospect of a future margin expansion.

We have adjusted our growth forecast because of; strong revenue momentum and the acquisition in New Zealand. The new assumptions generate an increased fair value estimate. Read more in the analysis below.

The full analysis in PDF-format:

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