Lamor - Environmental Solutions Products and Services

Here is the company report from Thomas on Lamor following the Q2 results. :slight_smile:

Lamor’s Q2 report key figures were slightly stronger than expected: revenue declined somewhat, but the comparable operating profit did not quite fall to the guided zero level. The order intake, which has been declining for a longer period, is showing signs of stabilizing, but achieving the guidance and executing a turnaround in earnings will require a step change in new sales. The major financing package announced in July mitigates the company’s liquidity risk and provides the management with much-needed room to maneuver in accelerating the earnings turnaround and advancing the commissioning of the Kilpilahti plant. We reiterate our target price of 0.90 euros and our “add” recommendation.