Urb-it: Impressive Q1 sales growth
Research Update
2021-04-30
07:20
Redeye shares its thoughts following Urb-it’s Q1 report, where net sales grew 143% y-o-y – largely due to continued favourable market conditions coupled with the partnerships, such as La Poste, paying off. We understand the market is still very favourable and that Urb-it will go live with large new customers in Q2 – further set to spur Urb-it’s growth. We make minor estimate revisions and keep our fair value range intact.
ME
VW
Mattias Ehrenborg
Viktor Westman
Disclosures and disclaimers