Hexatronic shares surge as strong Q4 print, outlook soothe fears

Hexatronic AB

09/02/2023 11:39

** Shares in Hexatronic  HTRO.ST  rise 12% after the Swedish
electronic and technical solutions producer reported soaring
core profit in Q4 2022 and saw a positive development in 2023
allaying investors concerns 
    ** Hexatronic posts EBITDA in the quarter rising 153% to
310.5 million Swedish crowns ($30 million) and says it considers
further expansion in 2023
    ** Redeye analyst Fredrik Nilsson says investors might have
been worried over the situation in the market with problems
among smaller companies in the UK and Germany
    ** "But management's outlook for 2023 was positive for all
key markets, the US, the UK and Germany", Nilsson says
    ** Shares of Hexatronic are on track for their best day
since July 2022 and among top gainers on the pan-European STOXX
600 index  .STOXX 
($1 = 10.3583 Swedish crowns)
 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@tr.com))