Bong: Stable margins despite dwindling volumes - Redeye

Redeyes was again surprised by the magnitude of the volume decline in the third quarter. Sales decreased by 10% Y/Y, and adjusted for currency effects, by 19%. Bong now expects sluggish demand into H1’24. On a positive note, EBITDA margins were still on par with H1’23 at around 6%, despite significantly lower volumes. We are adjusting our near-term top-line forecasts leading to a somewhat lower valuation.

Länk till analysen i sin helhet: https://www.redeye.se/research/958941/bong-stable-margins-despite-dwindling-volumes?utm_source=finwire&utm_medium=RSS