Sales and earnings in the fourth quarter are mainly in line with our estimates. As expected, order bookings were muted, but Freemelt is making progress in several business projects. The CEO letter states: “We enter 2026 with strong conditions to take clear steps towards industrial application”. However, the current order backlog of SEK12m doesn’t quite support Redeye’s previous near-term growth projections. Hence, we will make some downward adjustments, mainly for H1’26.
LÄS MER
