Addnode Q3’20 review: Minor revisions to 2021 despite excellent Q3
Research Note
2020-10-26
07:20
Redeye takes a neutral stance following a very strong Q3 report, where cost cuts – temporary and persistent – boosted EBITA. Despite the strong numbers, we only make minor upward revisions, but we still raise our Base case as the sector's valuations have increased.
FN
Fredrik Nilsson
Disclosures and disclaimers