Tekna’s Q1 trading update was weaker than expected, showing among others a single-digit decline in revenues vs. Q1’23. Both system sales and powder sales dropped year-on-year, owing to negative phasing effects and some slowdown in demand as a response to higher interest rates, according to the company. In addition to trimming our Q1 estimates, we have also implemented reductions to our full year forecasts for 2024-26, as the Q1 order intake also proved softer than anticipated. On the positive si ....
