Estimate changes We believe FactSet consensus 2022e EBIT could come up by 1-3%, excluding updated FX, as the strong Q2 report will partly offset potentially lower sequential growth in Q3 and Q4 compared to the start of the year.
Final thoughts, valuation at 27-14x EV/EBIT ‘22e-‘24e We expect a small initial positive reaction on the day following a solid report, even when excluding the significant FX boost and the fact that the Q3 guidance implies a sales ramp-up below our current expectations. The stock has held up well YTD (-7% vs. OMXSGI -24%) but has underperformed into numbers (-2% vs. OMXSGI +5% L1M) and is trading at (pre-Q2) 27-14x EV/EBIT ‘22e-‘24e. There is a conference call at 09:30 CET, link: https://tv.streamfabriken.com/ctt-systems-q2-2022.
Läs mer på ABG Sundal Collier
Aktuellt
SENASTE
