Strax Q2’20: Impressive Quarter
Research Note
2020-08-27
10:25
Redeye remains positive to Strax after a solid Q2-beat, with topline growth of 27% y/y. We had expected a rather tough Q2. Instead, the agile company profile paid off, as the newly launched health & wellness segment sold for EUR 13.3m already in its first quarter. The strong performance will justify an increased base case valuation.
OV
VW
Oskar Vilhelmsson
Viktor Westman
Disclosures and disclaimers