Enea: Comment on OS contract and Q1 preview

Research Note

2023-03-31

13:23

Redeye thinks today’s deal means that both contracts with Enea's two major OS clients (Ericsson and Nokia) have now been re-negotiated. While this deal implies that recurring revenues will be reduced, it was likely a good deal for Enea. With the quarter coming to an end, Redeye also updates its estimates. Redeye lowers its valuation range.

JVK

Jesper Von Koch

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