Västra Hamnen: Hövding - Price hike to support margins
Västra Hamnen Corporate Finance has published a research update on Hövding following its report for Q1 2021. Net profit came in roughly as expected despite a lower sales volume compared to our estimate. A price increase for the product supports our view that the company will turn profitable later in 2021, writes Västra Hamnen.· Net loss for Q1 as expected despite revenues below our forecast · 16 percent increased retail price will support gross margin · We maintain our valuation interval SEK 21.10 – 30.50 SEK per share Hövding’s report for the first quarter of 2021 further confirms