Redeye provides its estimates for Freemelt’s Q1 results and comments on some recent news. Although we expect continued Y/Y growth, Q1 sales will be significantly lower compared to the last three quarters. Still, we believe business activity remains high and the follow-on order, announced yesterday, from “a leading Swedish defense company”, is reassuring. We also note that the Nomination Committee has proposed a new Chairman of the Board of Directors, Roland Kasper (former CEO of Systemair).
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