Report
NX Filtration Lowering revenue guidance again
This morning NXFIL warned the markets its FY24 revenue guidance has been lowered to €10.5-€11.5m while previous guidance called for revenues in excess of €16m. For 2025 the company now calls for revenue growth of 50% to 70% based on its commercial pipeline. Applying 60% growth on the midpoint of the lowered FY24 guidance yields 17.6m revenues for 2025 well below yesterdays Refinitiv consensus revenues of €37.3m and KBC forecasts of €28.6m for 2025. We reiterate reduce rating and € 3.3 target price.
Underlying
NX FILTRATION HLDG BV
Provider
KBC Securities
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Kristof Samoy
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