Smart Eye preview Q3’24: Expecting a soft quarter after industry weakness - Redeye

Redeye expects Smart Eye's Q3, due 14 November, to show a 21% y/y sales growth, EBITDA of SEK -19m, and EBITDA-CAPEX of SEK -42m. Redeye lowers its estimates for Q3 following the exceptionally weak news flow from the automotive sector in Q3, including several profit warnings and poor figures for European car sales. While Redeye believes Q3 will be a slow quarter, it expects a sequential improvement in Q4 and that Q1’25 could be the quarter where revenues take a big jump.

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