Impact Coatings Q4 2022: Initial take - Redeye

Redeye sees no big drama in the Q4 report. Coating Services was a bit sluggish as some customers still experienced component shortages, but since the end of the quarter, activity has picked-up. Impact Coatings’ outlook is clearly optimistic as they see a strong momentum within the fuel cell industry in Europe, China and the US. With new investments and presence in China, the company is better able to meet higher interest and demand from its clients. Following the Q4 report, we will probably only make minor changes to our forecasts.

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