PE reports Q4 sales of SEK 231m, implying 10% negative y/y organic growth. This is slightly below our SEK 237m forecasts (organic growth of -8% y/y). Adding back NRIs of SEK 6m in the period, adjusted EBIT of SEK 10m is in line with our estimates (SEBE: SEK 11m). Acting CEO Mrs Liselotte Haglind states "a weak market situation and a subdued willingness to invest". As base case, we contemplate small earnings revisions and we reiterate our SEK 14 mid-point value.
LÄS MER