Addnode Q1’21 Review: Improved Internal Efficiency All Over
Research Note
2021-05-03
06:45
Redeye retains its neutral view on Addnode despite a stronger than expected Q1 and a raised Base case. It seems like Addnode has been able to increase the internal efficiency in at least two out of three Divisions during the Corona crisis, which we find impressive. We raise our forecasts and Base case slightly.
FN
Fredrik Nilsson
Disclosures and disclaimers