Bildkälla: Stockfoto

Magle Chemoswed: Targeting profitability - VH Corp

* Net sales in Q3 fell short of our estimates
* High margin business areas continue to thrive
* We maintain our valuation interval SEK 46.60 – 62.80 SEK per share

Magle Chemoswed’s Q3 2022 sales came in below our estimates as manufacturing
revenue had a weak quarter. The effects of the sales dip in the CDMO category
were mitigated by a strong quarter for royalty sales which resulted in a
healthy bottom line. Magle Chemoswed continues to shift towards high-margin
business areas such as DSM sales and royalties combined with a solid cost
control. During the quarter, the company has initiated an investment program
to increase production capacity for proprietary products.
Börsvärldens nyhetsbrev
ANNONSER