Mentice Q3 2023: Delivering profitable growth - Redeye

Redeye updates its estimates and valuation following Mentice’s Q3 2023 report. Net sales came in c8% above our projection, while EBITDA and EBIT margins were c4%-points below what we had estimated. We make minor changes to our estimates and valuation. We judge that the current share price seemingly does not reflect Mentice’s recent profitable growth.

Länk till analysen i sin helhet: https://www.redeye.se/research/953376/mentice-q3-2023-delivering-profitable-growth?utm_source=finwire&utm_medium=RSS