Consti: Steady development in a difficult market - Evli

Consti reported Q3 figures that were in line with our estimates. The company was able to defend its margins in a difficult market environment. Consti’s order backlog decreased slightly but remains at healthy levels, which supports the company’s near-term development. Although the construction market outlook is quite grim, the near-term growth outlook for renovation construction remains decent. We retain our BUY-rating and TP of EUR 11.0.

Länk till analysen i sin helhet: https://www.evli.com/hubfs/ERP/Raportit/Consti/Consti%20221028%20Q3%20Company%20update.pdf