Modulight: Start of the year was still difficult
In connection with its business review, Modulight released key business indicators on Friday. The company's Q1’23 revenue and EBIT fell from the comparison period and were clearly below our expectations. Despite the undershoot, our estimates fall only slightly, as the company reported that several projects had significant revenue potential during the rest of the year. The valuation picture is practically unchanged when the share price has fallen as much as our estimates.
