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AVTECH Sweden AB: Redeye: AVTECH - Steady, As She Goes

AVTECH reported net sales of SEK 3.4 million (estimate SEK 3.5
million) in Q4 2018. YoY growth was 26%. EBITDA of SEK 0.2 million
was also in line with our estimates of SEK 0.5 million. Delays with
Easyjet will likely continue to pressure growth the coming period.
AVTECH has many likely growth prospects, with negotiations with
Soutwest Airlines, Lufthansa Group and one of the largest airline
flight planning providers.

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