Northbaze Group Q3’20: Solid Quarter Despite Pandemic Effects
Research Note
2020-11-20
07:20
Redeye remains cautiously positive to Northbaze Group on the back of a Q3-figures overall in line with our estimates. We believe the company is well-positioned for Q4 and 2021 with a solid order book and a lower cost profile, while some uncertainty remains with negative pandemic effects and a rather strained financial position if the next quarters don’t play out favorably.
OV
VW
Oskar Vilhelmsson
Viktor Westman
Disclosures and disclaimers