Pricer: Another quarter with strong growth - ABG

Q4 results due Friday, 10 February
Sales +32% y-o-y on recent order momentum
We cut '23e-'24e EBIT by 7-5%, mainly on FX


Growth momentum is not slowing down

The ESL market has been strong in recent quarters, and we expect this trend to continue in Q4. Market drivers include both the current inflationary environment, and retailers looking to improve the customer experience and mitigate increasing labour costs. We find further confidence in a strong market from SES Imagotag's CMD on 9 November, where it talked about an accelerating ESL market. Furthermore, the Oct-Nov production data from ESL supplier E Ink also looks healthy, up 17-19% y-o-y.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/pricer/Equity-research/2023/1/pricer---another-quarter-with-strong-growth/