Railcare Q4’21: First impression - Redeye

Redeye is surprised to see another quarter of exceptional growth. Q4 sales grew 38% Y/Y reaching a new ATH level. Similar to Q3, Transport Scandinavia was running at full steam in the quarter which is the main reason for the very strong finish to 2021. We believe the outlook for 2022 and beyond remains favorable which supports our positive view of the case. In spite of strong Q4 numbers we will probably only make minor changes to our financial forecasts.

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