Redeye: Systemair - Steady Progress
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.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/