Systemair: Steady Progress
Research Update
2024-09-02
06:55
Redeye states that Systemair's Q1 report only offered a couple of minor surprises. Organic growth was flat while gross margins inched up to 36%, which is encouraging. On the other hand, Opex also increased, and EBIT margins came in just below our 10% forecast. Systemair remains quite optimistic on the market outlook.
Henrik Alveskog
Disclosures and disclaimers