Redeye: Heliospectra - Rebound in the Duch market boosts strong growth potential
Redeye has revised its estimates in light of Heliospectra’s Q4 2023 report, which was slightly softer than expected regarding sales and order intake. Yet, we expect a rebound in the Dutch market during 2024 and expect Heliospect to capitalise on it with its new product platform. However, due to softer-than-expected order intake in Q4 2023 and seasonal effects, we foresee a softer first half followed by a stronger second half in 2024. Our Base case remains intact at SEK1.4 per share.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/