Redeye: The outperformance continues in Hexatronic Group

Hexatronic continues to outpace our projections and during the quarter, net sales increased by 51%, of which 33% was organic. The profitability during the period was also higher than anticipated. The organic order backlog, at the beginning of April, was 37% higher than the same period last year; this indicates that the “high-season” will be fruitful.

The market for fiber investments remains strong and will so for many years to come. Hexatronic’s international expansion continues, and the company is well positioned for long-term growth. We have adjusted our forecast upwards as the company continues to show strong progress, increasing our valuation range and base case.

Read more and download the Research Update by Kristoffer Lindström: https://goo.gl/pt7fqU

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