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Impact Coatings: Key clients validating the case - Redeye

Redeye remains positive on the case as Impact Coatings is making progress with very high-profile clients like, Hella, Hyundai and most recently Symbio in the fuel cell segment. Also, Coating Services is showing strong growth adding more recurring revenues and improving the company’s market position. Moreover, we were pleased to see the recent announcement of CEO buying shares. We are only making minor changes to our estimates and valuation at this point. Our Base case fair value is around SEK 21 per share, now offering some upside to current share price levels.

Redeye remains positive on the case as Impact Coatings is making progress with very high-profile clients like, Hella, Hyundai and most recently Symbio in the fuel cell segment. Also, Coating Services is showing strong growth adding more recurring revenues and improving the company’s market position. Moreover, we were pleased to see the recent announcement of CEO buying shares. We are only making minor changes to our estimates and valuation at this point. Our Base case fair value is around SEK 21 per share, now offering some upside to current share price levels.
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