TagMaster: Q2’20 Preview – Delayed Recovery
Research Note
2020-07-14
15:31
Redeye expects a weak sales development q/q in Q2’20 from TagMaster, due to the lockdowns in many of the company’s main markets. With new Corona outbreaks occurring in several countries, we believe that the recovery may take somewhat longer than previously expected, and hence, we have adjusted our short-term estimates accordingly. However, our view of the underlying growth drivers is unchanged, and thus we keep our valuation.
EM
Erika Madebrink
Disclosures and disclaimers