Betolar publishes its Q1 report next Tuesday at around 8:30 am EEST. Based on the CEO change announced yesterday and the change negotiations, we made significant cuts in our cost and revenue forecasts for the next few years. However, as a whole, we consider the releases (and the CFO leaving announced last week) to be a negative signal, as the outlook for the stock’s key value driver, i.e. revenue growth, is very unclear and weakened in the concrete product segment. In Q1, we expect the company’s revenue to have increased slightly and losses to shrink due to the savings measures and corporate subsidies received in the financial year 2023.

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