Dagens industri maintains its Buy rating on engineering consultancy Afry after the previous recommendation performed poorly. The newspaper points to a strengthened order book and a higher utilization rate following the completed action program, but with no clear impact yet on revenue and margins.
Expectations are low ahead of the third quarter. The share is trading at a P/E ratio of 10 based on this year’s expected earnings and 8 based on next year’s.
Although the turnaround may take time, Di believes the share is worth another chance.
