TASTE

Mytaste Group

Research update

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Mytaste Group: Increased profits ahead

During the first quarter, the Mytaste Group has focused on the integration of last year's acquisition into the Group. We find it likely that all of the synergies from the earlier acquisitions have not yet fully materialized. April has started strong and the EBITDA during the first month of Q2 exceeded the profit for the full first quarter, increased profitability ahead are likely. We find that the company is undoubtedly moving in the right direction. We have increased our projections slightly, which lead to a higher Base-case valuation.

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