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Press release

Redeye: Gasporox - Orders up, but earnings linger for 2024

Gasporox

Redeye states that net sales were slightly higher than expected, but OPEX was also higher. EBITDA was still in line. After a solid 2023, we believe 2024 will be a transitional year with continued net sales growth but higher OPEX. We estimate Gasporox’s order book to be SEK12.6m (35% of 2024e net sales). Redeye lowers its base case, but bull and bear cases remain unchanged.

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

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Gasporox - Orders up, but earnings linger for 2024

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