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

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