Image Systems: Further progress

Research Update

2023-02-15

07:01

Redeye remains confident in the case as Q4 numbers validate positive trends in both business segments. We expect to see further margin improvements in the coming year’s driven by high gross margins and changes implemented in RemaSawco. Despite a recent upswing, the share is trading at attractive EV/EBITDA multiples ~5x.

HA

AH

Henrik Alveskog

Anton Hoof

Disclosures and disclaimers

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