Västra Hamnen: Heliospectra - poor sales, strong orders
Västra Hamnen Corporate Finance has released a research update on Heliospectra AB following the release of the company's full-year report. The uncertainty has increased with the lower sales and postponement of the company's biggest order to date, thus we lower our valuation interval to SEK 5.50 - 8.30 per share, writes Västra Hamnen.· Sales in Q4 was the lowest in years · However, sales may fluctuate more as the company targets bigger customers · Added uncertainty makes us lower our valuation range Heliospectra presented its full-year result last week and two issues immediately