@roni.peuranheimo har gjort en bra rapport om företaget. Det är värt att läsa!
Enento’s results were slightly ahead of our forecast, but this was driven by a lower-than-normal cost structure, which we expect to change in H2. The company provided anticipated revenue guidance, which, in line with our expectations, indicates a further decline in sales this year. In general, the demand environment is showing signs of stabilization. Looking ahead to next year, we think the valuation is at an attractive level (adj. P/E 14x and EV/EBIT 12x) and argues for a positive view. We reiterate our target price of EUR 19 and Accumulate recommendation.