Nekkar Q3 2024: Missed on Figures but Encouraging New Ambitions
Research Note
2024-11-14
09:47
Redeye comments on Nekkar’s Q3 report that missed our expectations, mainly driven by a lower sales activity in Syncrolift which impacted the group's profitability significantly. The volatile figures for Syncrolift are not a new phenomenon and we are encouraged by the accelerated order intake. Notably, Nekkar published new financial ambitions for 2027 with +2bn in revenues, being twice our current estimates.
Oskar Vilhelmsson
Henrik Alveskog
Disclosures and disclaimers