Redeye comments on Dynavox’s Q4 report released earlier this morning, which delivered another set of impressive results. While reported sales landed slightly below our forecast and consensus due to significant FX headwinds, the underlying performance remains exceptional, characterised by 27% organic growth. The EBIT margin reached 15%, even when accounting for non-recurring items; adjusting for these, the margin hit 18%, comfortably exceeding the long-term target. Furthermore, the Board’s proposal of the company's first-ever dividend signals confidence in future cash flow.
LÄS MER
