Projektengagemang's Q4 reported better top line than we had anticipated but lower profitability. Sales came in 3% better than our estimates and utilisation rate at 72% was also better than our estimate at 70%. However, profitability came in short driving adj. EBITA to miss our estimate by SEK 2m, or 24% vs SEBe. We believe the recovery can take more time and would expect estimates to come down on the back of the report.
LÄS MER
