- (PLX AI) - Sweco shares fell 10% after second-quarter margins clearly missed estimates.
- • The company reported revenue just above expectations, but EBIT and EBITA clearly below
- • Margins are suffering from calendar headwinds and high sick leave, SEB said
- • Expect negative EBITA consensus revisions of 2-4% and shares under pressure, but this could prove a good entry point, SEB said
- • The biggest negative deviation was seen in Norway where Easter had an adverse negative effect, Carnegie said
- • Consensus should drop 4-6% on the back of this report, Carnegie said