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Onsdag 28 Oktober | 20:02:53 Europe / Stockholm

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Stillfront - Growth uncertainty remains

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Stillfront - Growth uncertainty remains

2022-10-27 07:18:00

Redeye updates estimates and valuation on Stillfront following the company’s Q3-results which came in stronger than we expected. While the company benefits from a strong USD, the uncertainty over organic growth remains as the full year growth guidance was lowered. Still, we have slightly lifted our topline estimates on the back of the positive FX although EBITDA estimates remains largely unchanged. We also lower our valuation range due to an increased discount rate following higher risk-free rate assumptions.

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This is a press release from Redeye - Research Powered Investment Banking.