Bildkälla: Stockfoto

Tobii: Buckle up - SEB

Lumpiness hits both ways for Tobii as has been evident the last two quarters. With quality design wins in both XR and Automotive in the last year, Tobii has delivered on several long-term ambitions presented at its 2021 CMD, while certain market areas constituting a tangible part of the current business show near-term weakness. We also take a more cautious stance on PSVR2’s contribution in Q2, causing estimates to come down. Fair value SEK 34 (40).

Lumpiness hits both ways for Tobii as has been evident the last two quarters. With quality design wins in both XR and Automotive in the last year, Tobii has delivered on several long-term ambitions presented at its 2021 CMD, while certain market areas constituting a tangible part of the current business show near-term weakness. We also take a more cautious stance on PSVR2’s contribution in Q2, causing estimates to come down. Fair value SEK 34 (40).
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