Beijing Roborock Technology (.SS)_ Addressing key investor questions post 3Q results; down to Neutral as Roborock enters a transition period
Berkeley·2024-11-10 16:41
Addressing key investor questions post 3Q results; down to Neutral as Roborock enters a transition period 5 November 2024 | 6:29PM CST Beijing Roborock Technology (688169.SS) Roborock reported below-expected 3Q24 results which were primarily dragged by revenue decline/margin contraction in Europe due to the ongoing channel shift towards direct sales to consumers/retailers (first take). Key investor questions we have received are centered around three areas: 1) Roborock's competitive positioning within the g ...