AVTECH published preliminary figures for Q4 2024, which showed net sales increased 22% y/y, with EBITDA growing 75% y/y. Net sales were 4% ahead of Redeye Research estimates (RRe), while EBITDA was 38% higher. The strong net sales growth is due to new customer agreements and a strong USD/SEK. The preliminary figures underpin positive estimate revisions. However, Redeye will await the full report before committing to an estimate raise. Redeye reiterates its fair value range with a Base Case of SEK9.5.

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