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Onsdag 28 Oktober | 18:13:44 Europe / Stockholm

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Iconovo Q4 - Aligned with our expectations and a directed issue announcement

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Iconovo Q4 - Aligned with our expectations and a directed issue announcement

2024-02-19 08:09:00

Redeye provides an update in relation to Iconovo’s Q4 2023 report. The report did not include any major surprises and aligned with our expectations. However, the company announced a directed issue of SEK33.3m. We argue the directed issue is solid and was better than our estimate. As a result, it positively affects our fair value range, with a new base case of SEK24 (23).

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