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Onsdag 28 Oktober | 20:02:52 Europe / Stockholm

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Redeye Initiates Coverage of Efecte

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Redeye Initiates Coverage of Efecte

2022-03-04 08:44:00

Redeye initiates coverage on Efecte, a Finnish IT/Enterprise Service Management SaaS platform, targeting the European mid-market. While currently running at ~zero margins favoring sales growth over profitability, strong SaaS metrics suggest Efecte is set for high profitability going forward. Considering Efecte is trading at <3x sales 2023E, we believe the market’s expectations on future profitability are too defensive.

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