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Magle Chemoswed Q3: Initial take - Redeye

Redeye leaves an initial comment following the Q3 report published by Magle this morning. The company reported a y/y sales growth, but slightly below our net sales estimates. While OPEX and COGS were in line with our expectations, this resulted in a lower EBIT than expected. However, despite this, we do not expect to make any major adjustments to our long-term forecasts.

Redeye leaves an initial comment following the Q3 report published by Magle this morning. The company reported a y/y sales growth, but slightly below our net sales estimates. While OPEX and COGS were in line with our expectations, this resulted in a lower EBIT than expected. However, despite this, we do not expect to make any major adjustments to our long-term forecasts.
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