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Transtema: Winter is not Forever - Redeye

Redeye retains its positive view of Transtema following a soft Q1 hurt by a harsh Norwegian winter. As ground and 5G towers are now free from ice and snow, we expect Transtema’s Norwegian business to pick up its operations at a solid rate. While lowering our forecasts and Base Case slightly, the upside to our Base Case is more significant than before the Q1 report.

Redeye retains its positive view of Transtema following a soft Q1 hurt by a harsh Norwegian winter. As ground and 5G towers are now free from ice and snow, we expect Transtema’s Norwegian business to pick up its operations at a solid rate. While lowering our forecasts and Base Case slightly, the upside to our Base Case is more significant than before the Q1 report.
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