Motion Display: European sales growth offsetting inconsistent US market - Emergers
Motion Display is sustaining its positive momentum with 193% YoY growth and improved cost control, resulting in a third consecutive quarter of positive EBITDA at SEK 0.5m. This success is primarily attributed to recent sales growth in Europe, while the US market remains shaky. Despite our optimism about the overall outlook, marked by a more stable order inflow, a higher-than-anticipated working capital has exerted pressure on the company’s cash position, necessitating attention. We maintain our forecast and continue to find support for a fair value range of SEK 1.9-2.1 per share in 12-24 months.
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