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

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