Azelio: New Guidance – New Projections
Redeye resumes coverage of Azelio following its introduction of new operational targets for the coming years. Most notably, the targets are now related to making deals rather than establishing a production capacity. However, the targets imply a substantially slower commercial scale-up than we previously expected. We make significant changes to our estimates, resulting in a lower fair value range
OV
HA
Oskar Vilhelmsson
Henrik Alveskog
Disclosures and disclaimers