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Boreo Q1: Numbers clearly behind expectations, improvement in outlook - SEB

Boreo’s Q1 sales decreased 20% y/y, and both sales and operational EBIT fell clearly behind our expectations. Both Electronics and Technical Trade were behind our expectations. The outlook seems to be improving, which gives support, but we think that the weak Q1 numbers weigh negatively and keep uncertainty elevated.

Boreo’s Q1 sales decreased 20% y/y, and both sales and operational EBIT fell clearly behind our expectations. Both Electronics and Technical Trade were behind our expectations. The outlook seems to be improving, which gives support, but we think that the weak Q1 numbers weigh negatively and keep uncertainty elevated.
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