Hexatronic tracks best day in 10 years as strong Q4 cash flow clears worries

Hexatronic AB

09/02/2024 09:43

** Shares in Hexatronic  HTRO.ST  jump over 30% after the
Swedish engineering group posted strong Q4 cash flow and guided
for a gradual recovery in H2 of 2024, in line with its peers
    ** The group reports a 58% jump in Q4 cash flow from
operating activities to SEK 462 million ($44 million), which
Pareto says is 70% above the broker's expectations
    ** Redeye and Pareto analysts say the strong cash flow
eliminates the risk for a share issue
    ** "We believe the worries regarding the balance sheet have
disappeared," says Fredrik Nilsson from Redeye
    ** Both analysts note the group guided for a similar H1
compared to Q4, followed by a gradual rebound in H2
    ** "This picture fits well with what other industry players
have communicated," Pareto analyst Stefan Ward says in a note
    ** If gains hold, the stock is looking at its biggest
single-day rise in a decade

($1 = 10.4661 Swedish crowns)

 (Reporting by Jagoda Darlak)
 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))