Redeye: AVTECH - Steady, As She Goes

AVTECH reported net sales of SEK 3.4 million (estimate SEK 3.5 million) in Q4 2018. YoY growth was 26%. EBITDA of SEK 0.2 million was also in line with our estimates of SEK 0.5 million. Delays with Easyjet will likely continue to pressure growth the coming period. AVTECH has many likely growth prospects, with negotiations with Soutwest Airlines, Lufthansa Group and one of the largest airline flight planning providers.

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