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Absolent Q2 2024: Solid numbers - Redeye

Redeye concludes that Q2 numbers on Group level were very much in-line with our expectations. Business area Industrials continues to show good progress, particularly in the European market. Commercial Kitchen is currently facing some headwind, mainly related to the Swedish public sector. All in all, the market climate appears firm and Absolent’s outlook remains cautiously positive. Redeye will probably only make minor changes to our forecasts and valuation.

Redeye concludes that Q2 numbers on Group level were very much in-line with our expectations. Business area Industrials continues to show good progress, particularly in the European market. Commercial Kitchen is currently facing some headwind, mainly related to the Swedish public sector. All in all, the market climate appears firm and Absolent’s outlook remains cautiously positive. Redeye will probably only make minor changes to our forecasts and valuation.
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