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2017-05-17

Hexatronic: 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

Become a member at Redeye to access the latest research on Life
Science and Tech companies.

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

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