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

Premium Plan required to unlock

Unlock companies to access

more high quality research.