Lifeclean: Another impressive distribution agreement - Redeye
Redeye is encouraged by the news this morning that Lifeclean has signed another potentially significant distribution agreement. The deal with Remondis, one of the fourth largest in its field, has the potential to really contribute to growth. This is an essential step for Lifeclean and a good start for the new CEO, Fredrik Tumegård.
We look forward to seeing meaningful sales coming out of this agreement. We are not changing our estimates as Lifeclean is coming with its Q4 report on 20 February, where we will update our assumptions based on this deal and the Q4 performance. This deal should ideally impact long-term sales potential, which is needed as sales growth has been weak for some time.
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