Systemair: CMD on a positive tone - Redeye

Redeye attented Systemair’s capital markets day yesterday. The condensed message was that profitability is still in focus and significant steps have been taken to reach the 10% EBIT margin target. Growth ambitions are however also a part of the company’s DNA and the overall market conditions are fovourable. Some of the major growth initiatives for the coming years were presented. Systemair also announced that sales grew by 31% in November-December, which is clearly higher than we expected. Therefore, we will certainly make some adjustments to our near-term forecasts, while probably leaving our longer-term projections virtually unchanged.

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