Brief: IAR Systems Group Reiterates Fair Value Of SEK 140-250
27/04/2023 06:40
April 27 (Reuters) - IAR Systems Group AB IARb.ST :
* Q1 RESULTS WERE SOFT AND MISSED OUR ADJUSTED. EBIT
FORECAST BY
38% AS IT RAMPED UP ITS SALES ORGANISATION.
* WE REITERATE OUR SEK140-250 FAIR VALUE
* INSIDERS HAVE ACCUMULATED SHARES AT CURRENT SHARE-PRICE
LEVELS
IN 2022-2023
* 2023-2024E NET SALES AND ADJUSTED. EBITDA LOWERED BY 3%
AND
14-7%, RESPECTIVELY
* FAIR VALUE OF SEK 140-250 REITERATED
Source text for Eikon: ID:nWkr5dB66r
Further company coverage: IARb.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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