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Systemair Q1’22/23: Initial take - Redeye

Redeye is encouraged by the strong Q1 report, which is a new record-level in terms of both sales and earnings. Impressive organic growth of 14%, admittedly driven by price increases but still better than we expected. EBIT margins of 9.5% is also reassuring. We will most likely make some positive adjustments to our near-term forecasts.

Redeye is encouraged by the strong Q1 report, which is a new record-level in terms of both sales and earnings. Impressive organic growth of 14%, admittedly driven by price increases but still better than we expected. EBIT margins of 9.5% is also reassuring. We will most likely make some positive adjustments to our near-term forecasts.
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