16:46:57 Europe / Stockholm
2021-09-01 09:45:00
  • Lower top and bottom line than forecast
  • Acquisition of VirusKill presents opportunity to raise stakes
  • We lower our fair value interval to DKK 14.70 – 22.10 per share

LED iBond’s report for the second quarter came in lower than we had forecast with regards to revenue. This is mainly down to the fact that the Covid-19 pandemic continues to negatively impact the company and its main segments. The interest in and demand for LED iBond’s products within vertical farming is, however, substantial and bodes well for the future. The company also welcomed new CEO Pia Stangerup on board during the quarter. In the Q2 report, certain modifications to the downside were made to the company’s financial outlook. This, combined with the ongoing impact of the pandemic, means we see it appropriate to decrease our fair value per share to an interval of DKK 14.70 – 22.10.

The full report is available here.