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Mentice Q4 2022: Soft Q4 numbers but continued solid order intake - Redeye

Redeye provides its initial take on Mentice’s Q4 2022 report, which came in broadly below our estimates. We judge that positives from the report include a strong gross margin of c89% and a solid increase in Q4 order intake. Notable negatives include weak sales growth and Q4 EBITDA coming in c28% below our estimate.

Redeye provides its initial take on Mentice’s Q4 2022 report, which came in broadly below our estimates. We judge that positives from the report include a strong gross margin of c89% and a solid increase in Q4 order intake. Notable negatives include weak sales growth and Q4 EBITDA coming in c28% below our estimate.
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