Redeye: Smart Eye - A bump in the road
Redeye states that the Q2 report came in weaker than expected, with both sales and costs surprising negatively. While the automotive ramp-up appeared to have paused in Q2, Redeye expects the momentum to be regained from Q3 and onwards. The number of car models launched per quarter has gone from an average of 4 in 2023, now increasing to 10 in 2024, and 25-30 is expected in 2025. Adding that the fitment rate in each car model should also increase as EU GSR 2024 is implemented since 7 July, Redeye expects the Q2 hiccup to only be a bump in the road. Redeye reduces its estimates and valuation range.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/