Redeye: The high demand continues in Hexatronic

Compared to last year Hexatronic grew their sales by 26%, of which 13% was organic. The sales figures were almost spot on to our estimates. A favorable sales mix with submarine cable deliveries and scale advantages lead to an impressive EBITDA margin of 14.2%.

A large order book at the end of June indicates a strong quarter to come. We have adjusted our long-term estimates of growth and margins slightly upwards. Our new base case value amounts to 64 (57) SEK per share. Continue reading at: https://goo.gl/h49CvY

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This is a press release from Redeye - Research Powered Investment Banking. https://www.redeye.se