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Systemair: Reversed Profit Warning - Redeye

Redeye’s expectations for Systemair’s fourth quarter (Feb-April) were clearly surpassed. The company’s reversed profit warning announced this morning includes robust organic growth of 17% and adjusted EBIT margin of 9.4%. This makes us more confident in Systemair being on the right track towards its 10% EBIT margin target. We will make some positive adjustments to our estimates and valuation.

Redeye’s expectations for Systemair’s fourth quarter (Feb-April) were clearly surpassed. The company’s reversed profit warning announced this morning includes robust organic growth of 17% and adjusted EBIT margin of 9.4%. This makes us more confident in Systemair being on the right track towards its 10% EBIT margin target. We will make some positive adjustments to our estimates and valuation.
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