Redeye argues that AVTECH has delivered another strong report with sales growth of 37% y/y, which was in line with the Redeye's estimates. Redeye raised its forecasts and fair value range; however, it notes that expectations are becoming increasingly demanding. Redeye's projections imply that AVTECH must add approximately 2% of the global commercial aircraft fleet to its client base annually until 2028. Failure to execute on the pipeline could create a valuation air pocket, putting downward pressure on the share. Redeye believes immediate catalysts will be the closure of new contracts, which management hopes to finalise in the autumn.
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