TagMaster Q2’20: First Impressions

Research Note

2020-07-16

10:04

Redeye notes that TagMaster’s Q2’20 was overall quite in line with our expectations and hence, heavily affected by the Corona crisis. Sales in the quarter beat our estimates, but the positive effect was offset by somewhat higher costs as well. Nevertheless, with the company’s seeing a recent positive development in some of its European markets, we believe TagMaster will show a clear recovery over the coming quarters.

EM

Erika Madebrink

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