Redeye: Acuvi - Weak top-line but strong pipeline
Redeye remains confident in the case despite a slow start into 2023 in terms of top-line growth. Q1 sales were flat Y/Y, but down when adjusted for currency effects. On a positive note, gross margins held up very well. We believe Acuvi has a solid business pipeline and expect a pickup in sales during the year. Our valuation is negatively impacted by more cautious assumptions on sustainable margins.
Read more and download the Research Update.
Follow companies at Redeye to receive the latest equity research within Life Science and Technology.
This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/