Northbaze Group: Q2’20 Comment
Research Note
2020-08-20
15:47
Redeye remains neutral to Northbaze Group on the back of a Q2-estimate beat, driven by the new contract manufacturing division Adiante. Despite the beat to our estimates, we see a bumpy road ahead for the Audio & Sound segment as well as Smart mobility, which, in combination with a challenging financial position, offers a low margin of safety.
OV
VW
Oskar Vilhelmsson
Viktor Westman
Disclosures and disclaimers