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Railcare Q1: Initial comment - Redeye

Redeye’s estimates were basically in line with sales and earnings on group level. However, for the business segments we note a couple of interesting deviations. The most encouraging being clearly higher profitability in segment Construction Abroad. All and all, a solid start to the year and favorable market outlook for Railcare’s operating businesses. The Q1 report will probably not cause any significant changes in our forecasts or valuation.

Redeye’s estimates were basically in line with sales and earnings on group level. However, for the business segments we note a couple of interesting deviations. The most encouraging being clearly higher profitability in segment Construction Abroad. All and all, a solid start to the year and favorable market outlook for Railcare’s operating businesses. The Q1 report will probably not cause any significant changes in our forecasts or valuation.
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