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Systemair Q2 2023/24: In-line - Redeye

Redeye states that Systemair posted solid Q2 numbers, very much in-line with our expectations. We find the 5% organic growth, EBIT margins just over 10% and a strong cash flow quite reassuring. Also, the company’s overall market outlook remains optimistic. We will only make minor adjustments to our financial forecasts and valuation.

Redeye states that Systemair posted solid Q2 numbers, very much in-line with our expectations. We find the 5% organic growth, EBIT margins just over 10% and a strong cash flow quite reassuring. Also, the company’s overall market outlook remains optimistic. We will only make minor adjustments to our financial forecasts and valuation.
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