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Hexatronic: International markets gaining momentum - Redeye

Redeye retains its positive view on Hexatronic following a strong Q1 report and a significant share price rally. Momentum seems to pick up in all key international markets, paving the way for substantial growth going forward. We raise our Base case and forecasts and expect a supportive news flow going forward.

While Hexatronics’s valuation multiples have increased following the recent share price
surge, the outlook is excellent. We expect news flow to remain supportive – we do believe
the financial results will continue to come in favorably for a prolonged period. In addition,
Hexatronic is actively pursuing M&A opportunities, something we also believe could serve
as a further catalyst. We raise our Base case to SEK 175 (145).
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