Redeye: AVTECH - Slower expected growth

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During the last two quarters the revenue growth has been around 20% on a year-on-year basis. According to our estimates approximately half of this growth is due to a stronger dollar in comparison to the Swedish Krona and the other half due to the new collaboration with Norweigan. We have taken a more conservative approach due to an expected economic slowdown in the industry as well as in the world’s economy. We believe this will likely affect AVTECH’s already long lead times in a negative way. We have lowered our expected growth rate in 2020.

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This is a press release from Redeye - Research Powered Investment Banking.