Redeye will likely increase its Base case and forecasts following a Q2 report, beating our EBIT forecasts by 9%. While losing the Covid-related government support present in Q2 2020, an improved sales mix with fewer consumables along with acquisitions led to unchanged reported EBIT. Considering ADDvise is trading at a significant discount to its larger peers, we believe building a track record of solid reports like this is vital.

info@redeye.se (Redeye.se)

Redeye AB - Redeye.se