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

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