Bildkälla: Stockfoto

Tobii: Room to beat expectations - SEB

The single most important news point in connection with the release of the Q4 results was that Tobii targets profitability as soon as 2021, despite COVID-19 uncertainties. We do not expect this to happen without cost cuts, because we expect H1 to remain impacted by COVID-19 and significant FX headwinds. Therefore, despite modelling 18% organic growth (versus an average of 7% over the last 4y) in 2021, we estimate EBIT of SEK -8m. Thus, if Tobii does deliver in line with its goals there should be upside to estimates.

The single most important news point in connection with the release of the Q4 results was that Tobii targets profitability as soon as 2021, despite COVID-19 uncertainties. We do not expect this to happen without cost cuts, because we expect H1 to remain impacted by COVID-19 and significant FX headwinds. Therefore, despite modelling 18% organic growth (versus an average of 7% over the last 4y) in 2021, we estimate EBIT of SEK -8m. Thus, if Tobii does deliver in line with its goals there should be upside to estimates.
Börsvärldens nyhetsbrev
ANNONSER