Redeye: Magle Chemoswed Q2 - Delays weigh down the quarter’s results
1 augusti, 15:59
1 augusti, 15:59
Redeye provides a research update following the Q2 report recently published by Magle. The report came in significantly below our expectations following delayed high-value orders, raw material shortages, and non-recurring integration costs. However, while the shortfalls in the company’s financial performance are disappointing, we believe them to be primarily one-off events and anticipate Magle’s growth to pick up again in Q3. That said, we make some adjustments to our estimates following the report and lower our fair value range (SEK19 – SEK57) with a revised base case valuation of SEK40 (45).
Read more and download the Research Update.
Follow companies at Redeye to receive the latest equity research within Life Science and Technology.
This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/
Attachments
Magle Chemoswed Q2 - Delays weigh down the quarter’s results
1 augusti, 15:59
Redeye provides a research update following the Q2 report recently published by Magle. The report came in significantly below our expectations following delayed high-value orders, raw material shortages, and non-recurring integration costs. However, while the shortfalls in the company’s financial performance are disappointing, we believe them to be primarily one-off events and anticipate Magle’s growth to pick up again in Q3. That said, we make some adjustments to our estimates following the report and lower our fair value range (SEK19 – SEK57) with a revised base case valuation of SEK40 (45).
Read more and download the Research Update.
Follow companies at Redeye to receive the latest equity research within Life Science and Technology.
This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/
Attachments
Magle Chemoswed Q2 - Delays weigh down the quarter’s results
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