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Systemair: Record earnings - Redeye

Redeye is raising its near-term earnings forecasts on the back of strong Q2 numbers. Sales in the quarter were flattish Y/Y while organic growth started to pick up. However, the main highlights are gross margins reaching just over 37% and EBIT margins of 11%. Systemair’s market outlook remains optimistic and is now supported by improving order intake.

Redeye is raising its near-term earnings forecasts on the back of strong Q2 numbers. Sales in the quarter were flattish Y/Y while organic growth started to pick up. However, the main highlights are gross margins reaching just over 37% and EBIT margins of 11%. Systemair’s market outlook remains optimistic and is now supported by improving order intake.
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