Addnode Q4’20 review: Slight increase in 2022 EBITA and raised Base case
Research Note
2021-02-04
09:55
Redeye raises its long-term forecasts and Base case for Addnode, following a solid Q4 report showing a significant rebound in PLM. However, the stock is still trading somewhat above our Base case. While Q1 2021 are facing tough YoY numbers, we expect Addnode to increase its margins for FY 2021.
FN
Fredrik Nilsson
Disclosures and disclaimers