Navigo Q3 2024: A stumble on the road to recovery - Redeye
Redeye updates its estimates and valuation following Navigo releasing its Q3 2024 report. The report missed our estimates, with a potential market recovery for subsidiaries coming later than we originally pencilled in. Still, we judge demand and profitability should improve markedly in Q4 2024e and return to pre-recession levels in 2025e amidst a broader economic recovery. We lower our estimates and valuation.
Länk till analysen i sin helhet: https://www.redeye.se/research/1057620/navigo-q3-2024-a-stumble-on-the-road-to-recovery?utm_source=finwire&utm_medium=RSS