Redeye: Acconeer - Temporary Weakness – Cash Likely to Suffice Until Breakeven
Redeye states that while Acconeer showed poor sales figures in Q2, the weakness is temporary. The launch of Volvo EX90 and Polestar 3 are postponed by around two quarters, which delays the inflection point. Despite these headwinds, Redeye has reassessed the capital situation and now believes destocking throughout 2024 will make Acconeer's cash to suffice before reaching breakeven. Redeye makes a small adjustment to its fair value range.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/