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Tobii Q3: Execution on costs while organic growth weak - SEB

Tobii's Q3 show positive development in terms of cost reductions, with cash costs at SEK 223m in Q3 versus SEK 276m in Q2/24. On the negative side, organic growth is weaker than expected, albeit offset by recent M&A. We see positive extrapolations on the cost performance although as the company has highlighted parts of acquired FotoNation's sales will decrease in the coming years, extrapolating top line should weigh negatively.

Tobii's Q3 show positive development in terms of cost reductions, with cash costs at SEK 223m in Q3 versus SEK 276m in Q2/24. On the negative side, organic growth is weaker than expected, albeit offset by recent M&A. We see positive extrapolations on the cost performance although as the company has highlighted parts of acquired FotoNation's sales will decrease in the coming years, extrapolating top line should weigh negatively.
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