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Mentice Q4 2022: Tough comparatives but solid order intake - Redeye

Redeye updates its estimates and valuation following Mentice’s Q4 2022 report. Sales growth came in weaker than we expected during the quarter. However, a solid order book and external cost reductions give us confidence that Mentice can deliver profitable growth going forward. We nudge up our base case.

Redeye updates its estimates and valuation following Mentice’s Q4 2022 report. Sales growth came in weaker than we expected during the quarter. However, a solid order book and external cost reductions give us confidence that Mentice can deliver profitable growth going forward. We nudge up our base case.
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