Tagmaster Q4: First comments

Research Note

2021-01-28

09:09

Redeye notes that in TagMaster's Q4'20, our sales expectations were more positive than the outcome. The gross margins and Opex were in line with expectations. The quarter was still heavily affected by the Corona crisis and to a more considerable extent than we expected. We still believe that TagMaster will show a clear recovery in 2021, even though the ongoing Corona crisis makes for an uncertain first half of the year.

MH

Mats Hyttinge

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