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Redeye: Enviro Q3 2023 - No drama

Redeye comments on Enviro’s Q3 report, which was very much on the same theme as we saw in Q2, where the preparatory work ahead of the final investment decision regarding the Uddevalla plant continued. We understand things are progressing according to plan, although it is taking longer than expected, but a final investment decision is approaching. As a result, we take a more conservative near-term view on the expected plant roll-out and also increase our WACC based on the current macroeconomic environment, which impacts our fair value range.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/

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Enviro Q3 2023 - No drama

Source:MFN
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