RE: Tobii5 Jul 2024 19:48
The alternative could be that Tobii does a so-called "fire sale", where businesses are divested, according to the bank, which believes that cash flow and financial stability are the focus for Tobii going forward.
"We see no share price recovery in the short term," writes Handelsbanken, which repeats its long-term underperform recommendation and its short-term hold recommendation for Tobii.
The target rate is simultaneously lowered to SEK 3:50 (3:60).
Handelsbanken predicts that Tobii will continue to show slow organic growth in the second quarter and expects some improvement in the second half of 2024.
It’s been on here today already I think. Translated
The Tobii Group's revenue is expected to amount to SEK 224 million during the second quarter, with an organic revenue decline of 10 percent, and EBIT is predicted to be SEK -40 million, according to Handelsbanken.
At 12:30, Tobii had fallen 5.6 percent to SEK 2:98.