Heliospectra: Strategic shift afoot – VH Corp

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* Revenue higher but profits lower than expected
* New strategic shift announced during the quarter
* We maintain our valuation interval of SEK 3.60 – 5.60 per share

Heliospectra’s year-end report for 2021 showed a Q4 revenue that beat our
forecast but an order intake on the low side. Ali Ahmadian stepped down as CEO
during the quarter, with board member Bonny Heeren stepping in as acting CEO.
The company also announced a new strategic shift towards sustainable
data-driven cultivation and a more customer centric approach. We choose to
await more concrete evidence before incorporating the strategic shift into our
forecast. Hence, we maintain our valuation range of SEK 3.60 – 5.60 per share.

https://mfn.se/a/vastra-hamnen/heliospectra-strategic-shift-afoot

VH Corp

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