Redeye: Lifco Q2 2024 - Navigating stormy waters well
Redeye updates its estimates and valuation following Lifco releasing its Q2 2024 report. Both top-line figures and margins exceeded our estimates, with business area Demolition & Tools and parts of Systems Solutions paring currently soft demand better than we expected. We judge the outlook for H2 2024e remains uncertain, though our long-term view of the company’s trajectory remains unchanged.
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