Avtech Q4 2023: Solid performance but elevated OPEX - Redeye
Redeye states that the report aligned with preliminary figures and showed net sales in line with estimates, but EBITDA was slightly below Redeye’s expectations. The EBITDA ‘miss’ is related to ‘elevated’ OPEX, which we expect to remain as AVTECH plans on significant investments during 2024 to expand its product portfolio. Redeye does not believe AVTECH will issue a dividend. Redeye expects to increase its estimates and fair value range. The latter is expected to increase between 11-21%.
Länk till analysen i sin helhet: https://www.redeye.se/research/980998/avtech-q4-2023-solid-performance-but-elevated-opex?utm_source=finwire&utm_medium=RSS