Hövding: Margin on the rise (Västra Hamnen)
Västra Hamnen Corporate Finance has released a research update on Hövding following its report for Q1 2019. The company posts strong growth and margin improvement.· Massive volume growth, but against weak comparison period · Margin improvement makes us to revise assumptions · We keep target interval but lean towards upgrade In its report for Q1 2019, Hövding reported an impressive 135% increase in the number of units sold compared with last year. Net revenues grew even more at 139%, helped by higher average selling price. To top it off, gross margin in the quarter reached 31