Koskisen: Valuation not attractive yet


Koskisen’s Q4 result was better than expected. The company's revenue will decrease as expected this year, but profitability will remain at a good level, driven by the favorable pricing environment in the Panel industry. The valuation picture remains unchanged since the last report and we do not yet see a sufficient safety margin in the valuation, considering the company's risk profile. Our recently published extensive report is freely available here.