Redeye is encouraged by Systemair’s financial performance in the first quarter of 2023/24. Highlights include: 11% organic growth, 10.5% EBIT margin and book-to-bill >1. The macroeconomic climate is mixed but most of Systemair’s markets are showing firm demand. We are now a bit more optimistic on further margin improvement.

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Systemair - Firm growth and margin improvement

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