Financial

Redeye raises its Base Case and forecasts following a Q2 report beating our estimates significantly and a strong outlook. While sales in the strategic growth markets accelerated faster than we thought, the quarter’s highlight was the record-high EBITA margin.

Redeye raises its Base Case and forecasts following a Q1 report beating our estimates significantly. Sales in the strategic growth markets accelerate faster than we thought, and the scalability was proven solid. We expect the strong operational momentum to continue.

Redeye raises its Base Case and forecasts following a Q4 report beating our estimates. The operational momentum grew even stronger than we expected and management’s outlook, especially regarding the US, is positive.

Redeye raises its Base and Bull Cases and its forecasts, following a Q3 report beating our estimates. While we expect operational momentum to continue, our Base Case remains below the current share price due to our conservative take on 2030 and onwards. However, assuming a stable development post-2030, our Bull Case takes a more optimistic approach.

Redeye takes a neutral stance following several vital acquisitions, an excellent Q2 report, and a positive outlook, along with a 45% share price increase since our last update. We expect the operational momentum to continue in H2 2021 and 2022, and while raising our Base case and forecasts, our new Base case is close to the current share price.

Redeye retains its positive view on Hexatronic following a strong Q1 report and a significant share price rally. Momentum seems to pick up in all key international markets, paving the way for substantial growth going forward. We raise our Base case and forecasts and expect a supportive news flow going forward.

Redeye reiterates its positive view on Hexatronic following a company visit and review of the case and expect strong growth in all core markets and predict the operating margin firmly to remain at +10%.