Addnode: Process Management dampening the decline
Research Note
2020-03-31
07:08
Redeye revises its forecast for Addnode due to the Corona crisis. We expect Design M. and PLM to experience a significant drop in both sales and EBITA in Q2 and Q3 2020, while we assume only a minor decline regarding Process M., thanks to its exposure to the Swedish public sector. We reduce our Base case slightly and remain neutral to the share.
FN
Fredrik Nilsson
Disclosures and disclaimers