Heliospectra: Mixed fortunes in Q2 (Västra Hamnen)

Västra Hamnen Corporate Finance has released a research update on Heliospectra AB following its report for Q2 2019. The report shows lower sales than expected but a higher gross margin. On balance, this supports our current fair value range.

  • Lower order intake and sales but improved gross margin
  • Established presence in Tokyo, Japan
  • We maintain our fair value per share interval of SEK 6.20 – 9.60

In its report for Q2 2019, Heliospectra reported a slowdown in order intake and sales from the previous quarter and came in below our estimates. This is according to the company due to the revamping of the lights and solutions platform. On a positive note, the gross margin improved and came in at 48.6% during the quarter. This is significantly higher than our near-term expectations. If this higher margin proves to be sustainable, we may need to revise up our model assumptions. For now, we maintain our current assumptions and fair value interval of SEK 6.20 – 9.60 per share.

The full report is available here.

The research report is prepared as part of Market Focus, Västra Hamnen Corporate Fincance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Web: vhcorp.se
Twitter: @vhcorp_se

About Us

Heliospectra AB (publ) (NASDAQ First North Growth Market, HELIO, and North American ADR OTCQB, HLSPY) Heliospectra was founded in 2006 in Sweden by plant scientists and biologists with one vision – to make crop production more intelligent and resource-efficient. Today, with customers across six continents, Heliospectra is the global leader in innovative horticulture lighting technology, custom light control systems and specialized services for greenhouse and controlled plant growth environments. Designed by growers for growers, Heliospectra builds customized LED lighting strategies and controls to automate production schedules, forecast yields and monitor crop health and performance with real-time data and response, to deliver the light plants love and the consistent results growers need. Heliospectra has approximately 35 employees and the head office is situated in Gothenburg, Sweden. www.heliospectra.com