Redeye comments on Dynavox’s Q2 report released earlier this morning. Revenue came in broadly in line with our and consensus estimates, but the quarter stood out for its profitability, with the EBIT margin lifting comfortably above the company’s greater-than-15 percent long-term target on operating leverage and a fading non-recurring cost base. North America returned to growth after the weather-hit first quarter, and cash flow improved markedly year-on-year. We foresee no to only very modest upward revisions to our estimates — our near-term forecasts already embed margin expansion on a similar trajectory — and retain our positive view.
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