Weak quarter for Networks' BUs behind Q1 adj. EBIT -7% vs. cons. We cut '24e-'26e adj. EBIT 4-1%, mainly from MN. 2024 will be back-end loaded - we keep HOLD.

18 Apr 2024
Things look better from here

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Things look better from here
- Published:
18 Apr 2024 -
Author:
ABGSC Telecom Equipment Research | Simon Granath | Oscar Rönnkvist -
Pages:
11 -
Weak quarter for Networks' BUs behind Q1 adj. EBIT -7% vs. cons. We cut '24e-'26e adj. EBIT 4-1%, mainly from MN. 2024 will be back-end loaded - we keep HOLD.