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InfraCom Q4 2023: Sales in line but lower margins - Redeye

Redeye states the report aligned with our sales estimate, but periodization effects and organizational investments put temporary weight on the margins, which came in 6pp below our EBIT-margin estimate. Redeye expects to lower our short-term EBIT-margin estimate below management’s target. Redeye expects the impact on the fair value range to be limited.

Redeye states the report aligned with our sales estimate, but periodization effects and organizational investments put temporary weight on the margins, which came in 6pp below our EBIT-margin estimate. Redeye expects to lower our short-term EBIT-margin estimate below management’s target. Redeye expects the impact on the fair value range to be limited.
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