Västra Hamnen Corporate Finance has released a research update on Hövding Sverige AB following its report for Q3 2019. The report shows lower sales than expected following logistical issues related to the launch of Hövding 3, but also lower manufacturing cost and a potentially higher price per unit. We maintain our fair value interval, as we want to see more established sales and margin figures before revising our valuation range.
· Sales negatively affected by logistical challenges
· Lower manufacturing cost might boost margins
· We maintain our fair value interval of SEK 20.10 – 29.

Source: Hövding: Fair result in challenging quarter (Västra Hamnen)