Redeye: InfraCom - Transitional year for the bottom line
Redeye states the report aligned with its sales estimates. EBIT margin, and updated profitability targets were major letdowns. However, Redeye believes that the reduced margin is a temporary issue. Additionally, Redeye’s perpetuity EBIT margin is 13%. Thus, at the lower end of the reduced profitability target of an EBIT margin of 15% ± 2pp. Hence, a limited impact on Redeye’s base case.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/