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Onsdag 28 Oktober | 18:10:36 Europe / Stockholm

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Redeye

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Beijer Electronics Groups - Profitable Through the Storm

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Beijer Electronics Groups - Profitable Through the Storm

2020-07-29 08:20:00

Redeye lowers estimates and valuation following a weaker than expected Q2’20, but stands firmly behind the long-term investment case. Most importantly, and what should bring pleasure to long-term investors, is to see Beijer Group do relatively well in the eye of the storm – demonstrated by its positive cash flow of SEK 15.7m. We still expect a solid post-pandemic rebound, especially given management’s encouraging communication around customer activity and pipeline. New base case amounts to SEK 44 (46) per share.

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