Zordix: Strong Pipeline Ahead of High Season
Research Update
2022-09-19
07:36
Redeye updates on Zordix following another quarter with stable performance beating our estimates. The outlook for H2 remains strong as Zordix move into high season with a strong pipeline. However, also considering slightly lower overall growth in the gaming market we trim our EBITDA estimates with c. 5-8% over 2022-24E.
HA
TO
Hjalmar Ahlberg
Tomas Otterbeck
Disclosures and disclaimers