SRV Group: Lower volumes showing - Evli

SRV's net sales in Q1 declined clearly to EUR 138.3m, below our and consensus estimates (EUR 147.4m/151.5m Evli/cons.). The lower volumes and higher share of lower-margin construction projects pushed profitability figures into the red, with EBIT of EUR -2.0m falling short of expectations (EUR 1.5m/1.6m Evli/cons.).

Länk till analysen i sin helhet: https://www.evli.com/hubfs/ERP/Raportit/SRV/SRV%20230427%20Q1%20Earnings%20flash.pdf