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Impact Coatings: Two systems delivered in Q4 - Redeye

Redeye has made some adjustments to our near-term forecasts following the announcement of system deliveries in Q4. Impact Coatings has managed to deliver both coating system orders in its backlog already in December. Hence, Q4 will be stronger than we previously expected while Q1 2024 most likely will be weaker. Good news that shipments have been swift, but all and all, this has no impact on our valuation.

Redeye has made some adjustments to our near-term forecasts following the announcement of system deliveries in Q4. Impact Coatings has managed to deliver both coating system orders in its backlog already in December. Hence, Q4 will be stronger than we previously expected while Q1 2024 most likely will be weaker. Good news that shipments have been swift, but all and all, this has no impact on our valuation.
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