Enlabs: Standing Strong Despite Increased Headwind
Research Note
2020-03-23
15:10
Enlabs announced this weekend that the group might need to close all operations in Latvia, including online, until 14 April 2020, due to the measures that the Latvian parliament has voted on. We believe that closing the online operations would be very irrational as it would do more harm than good for Latvia. However, no matter the decision Enlabs has a robust financial position and can handle the increased headwind.
JA
KL
Jonas Amnesten
Kristoffer Lindström
Disclosures and disclaimers