Addnode Q2: Adj. EBITA 76% above forecast – boosted by support measures
Research Note
2020-07-17
11:07
Redeye sees a report with strong headline numbers boosted by government support measures. Organic growth was -12% (in line with forecast) However, Adj. EBITA was 76% above our estimate, due to strong margins in both Design and PLM. Our initial impression suggests unchanged or slightly increased forecasts.
FN
Fredrik Nilsson
Disclosures and disclaimers