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Press release

Redeye: AVTECH - Solid performance, positive outlook

AVTECH Sweden

Redeye states AVTECH’s report was in line with Redeye Research estimate (RRe) on net sales and a solid EBITDA beat. CEO David Rytter has signalled increased investment in the organization since early 2024, which is now taking hold, adding two new employees y/y (22% increase). The main negative was some delayed customer payments expected to be collected in Q3 2024. Several customers completed tests in the quarter, and contract negotiations have commenced. Thus, Redeye believes new contracts before year-end are possible. Redeye retains estimate and fair value range.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/

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AVTECH - Solid performance, positive outlook

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