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Northbaze Group Q2 2023 - Positive stance despite sales contraction

2023-08-25 09:04:00

Redeye maintains a positive view of Northbaze, even in the face of a substantial sales contraction. While the company proactively addresses the reduced demand, the prevailing macroeconomic challenges continue to impact Northbaze’s top and bottom-line performance. Despite a challenging quarter, Northbaze is steadfast in its pursuit of recuperating and upholding a 10% EBITDA margin in 2023. Our view on Northbaze remains unchanged, leading us to maintain our existing fair-value range and base case.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/