Enea: Adjusted Profit Above Estimates – Repurchase Program Initiated – Redeye

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Redeye states that adjusted EBITDA came in above Redeye’s estimates but that sales was just below estimates. Net profit and EBIT was significantly negatively affected by one-off costs, write-downs and provisions – all previously announced to the market. The most important message from the report is that Enea will initiate a repurchase program of a maximum of 10% of its total outstanding shares – something Redeye believes is smart and correct capital allocation. Redeye expects not to make any significant changes to its estimates or valuation range.

https://www.redeye.se/research/922665/enea-adjusted-profit-above-estimates-repurchase-program-initiated?utm_source=finwire&utm_medium=RSS

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