Tobii Dynavox Q2’23: Impressive organic growth - Redeye

Redeye comments on the Q2 report released earlier this morning. Sales were 10 % above our estimate, with a gross margin higher at 68%. The organic growth was 20% compared to our expectation of 13%, with an FX effect also higher than expected at 8%. The structure effect was in line at 4%. With the better-than-expected gross margin the margin while the cost was higher, the EBITDA margin came in at 17.1% vs. our expectation of 16.8%. With the clear beat of the estimates and the inclusion of the recent acquisition from Q3, we will make positive revisions to our estimates and Base case of SEK 36 per share.

Länk till analysen i sin helhet: https://www.redeye.se/research/924110/tobii-dynavox-q223-impressive-organic-growth?utm_source=finwire&utm_medium=RSS