Addnode Group
Addnode Group: Bad News and Good News (Redeye)
2020-07-21 07:20
Redeye remains neutral to Addnode following a report highlighting the company’s exposure to cyclical markets as well as management’s ability to handle the fluctuations. Design- and Process management beat our forecasts – partly due to government support – and management announced cost savings in the lagging PLM. We remain neutral to the Addnode share and increase our Base case marginally.
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