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Onsdag 28 Oktober | 18:11:26 Europe / Stockholm

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CLS Q3 - An eventful quarter

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CLS Q3 - An eventful quarter

2023-11-20 08:06:00

Redeye provides an update in relation to CLS’ Q3 2023 report. Net sales during the quarter amounted to SEK2.0m (SEK0.9m), and EBIT came in at SEK-15.6m (SEK-27.0m) compared to our sales estimate of SEK3.5m and EBIT estimate of SEK-18.7m. Overall, we are positive about the report, as CLS has been cost-effective, and the news flow has been solid. We only make some minor changes in our model, resulting in an updated fair value range (SEK0.15-0.8); however, our base case remains at SEK0.4.

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