Systemair (Q4 Review): Revving up - Redeye
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Systemair (Q4 Review): Revving up - Redeye

Redeye has raised its forecasts on the back of an upbeat Q4 report. Organic growth of almost 10% was clearly above industry peers and market expectations. Earnings also beat our forecast although gross margins were flattish. Management appears confident of continued robust growth and some margin improvement going forward.

Redeye has raised its forecasts on the back of an upbeat Q4 report. Organic growth of almost 10% was clearly above industry peers and market expectations. Earnings also beat our forecast although gross margins were flattish. Management appears confident of continued robust growth and some margin improvement going forward.
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