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Systemair: Initial take - Redeye

Redeye was hoping for a little more in the Q3 report, but the deviations are rather small. On a positive note, organic growth is back in positive territory. Systemair is still impacted by Covid related restrictions both in terms of sales and costs. However, they continue to be optimistic about a gradual recovery. We will probably only make some minor adjustments in our near-term forecasts.

Redeye was hoping for a little more in the Q3 report, but the deviations are rather small. On a positive note, organic growth is back in positive territory. Systemair is still impacted by Covid related restrictions both in terms of sales and costs. However, they continue to be optimistic about a gradual recovery. We will probably only make some minor adjustments in our near-term forecasts.
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