AVTECH Q2: Right on target
Research Note
2016-08-19
15:08
AVTECH reported revenue of 2.7 million SEK witch is exactly what we expected. The majority of the revenue comes from the Southwest Airlines contract. EBIT was SEK -2.6 million, which is in line with our estimates of SEK -2.3 million. AVTECH’s cost reduction program was fully executed during the quarter with approximately 40 percent of the fixed cost sliced.
TO
Tomas Otterbeck
Disclosures and disclaimers