Inission released its Q3 report on 11 November. The report included sales of SEK 252m paired with SEK 14m of EBIT. Overall the report was in line with our expectations even though EBIT margin was 20 bp below our estimate. We believe the ventilator order has been delivered and we shift our focus to the recovery in demand, to which we take a more cautious stance. Even though this negatively affects our sales estimates for Q4, we believe profitability will improve y/y in Q4 as the relocation in Norway should be a swing factor.
LÄS MER
