Doro: Solid phone Q3 – but we only care for Care
Research Update
2019-10-28
07:30
This is an updated Doro research following the Q3 report. Doro trades in line with our bear case, at a one-digit owner earnings multiple on its trailing 12-months cash flows. We believe this is too pessimistic given the telecare opportunities in UK.
VW
Viktor Westman
Disclosures and disclaimers