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Sivers Semiconductors: Loan facility expected to meet financing needs for 2024 - Redeye

Redeye states sales and adjusted EBITDA were better-than-expected and Sivers achieved its adjusted EBITDA goal for the second half of the year as indicated in its pre-announcement. Adjusted EBITDA margin was 28% for the quarter. Sivers is negotiating an extended loan facility of SEK50m, which it expects to address financing needs for 2024 without the need for shareholder contributions. Redeye expects to maintain its estimates and fair value range.

Redeye states sales and adjusted EBITDA were better-than-expected and Sivers achieved its adjusted EBITDA goal for the second half of the year as indicated in its pre-announcement. Adjusted EBITDA margin was 28% for the quarter. Sivers is negotiating an extended loan facility of SEK50m, which it expects to address financing needs for 2024 without the need for shareholder contributions. Redeye expects to maintain its estimates and fair value range.
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