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Onsdag 28 Oktober | 20:03:36 Europe / Stockholm

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Investor Relations

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Redeye

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Penneo - Ramping Up Investments

Prenumeration

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Penneo - Ramping Up Investments

2022-08-30 07:46:00

Redeye retains its positive view of Penneo following its Q2 report despite showing slightly lower ARR growth than expected. However, a highlight was that the FY’22 ARR guidance of DKK 77-82m, corresponding to a 40%-49% y/y growth, as well as the EBITDA guidance of a negative of DKK 15-20m was maintained. Consequently, we make minor 2022E and 2023E forecast adjustments that slightly affect our valuation.

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