Vitec Q2 2024: Solid beat on revenues, decent margins - Redeye

Redeye provides its initial take on Vitec’s Q2 2024 report, which mostly exceeded our estimates. We judge that positives from the report include better-than-expected sales growth, especially for recurring revenues, mainly deriving from strong transaction-based recurring revenues. Notable negatives include slightly soft margins, though absolute profit figures still exceed our estimates. We will likely increase our 2024e top-line estimates and nudge up our valuation.

Länk till analysen i sin helhet: https://www.redeye.se/research/1021541/vitec-q2-2024-solid-beat-on-revenues-decent-margins?utm_source=finwire&utm_medium=RSS