Systemair Q1 2024/25: Solid gross margins - Redeye
Redeye concludes that Systemair’s Q1 numbers are quite in-line with what we anticipated. Organic growth was flat Y/Y, partly due to tough comps and a slower market in the Nordics and parts of Europe. Gross margins nudged up to 36% which is encouraging. Opex were on the other hand higher than we expected, hence EBIT of SEK305m a little below our forecast. Systemair’s outlook is unchanged and overall, quite optimistic. Redeye will only make minor changes to our forecasts.
Länk till analysen i sin helhet: https://www.redeye.se/research/1036843/systemair-q1-2024-25-solid-gross-margins?utm_source=finwire&utm_medium=RSS