Northbaze Group Q2 2023: Positive stance despite sales contraction - Redeye

Redeye maintains a positive view of Northbaze, even in the face of a substantial sales contraction. While the company proactively addresses the reduced demand, the prevailing macroeconomic challenges continue to impact Northbaze’s top and bottom-line performance. Despite a challenging quarter, Northbaze is steadfast in its pursuit of recuperating and upholding a 10% EBITDA margin in 2023. Our view on Northbaze remains unchanged, leading us to maintain our existing fair-value range and base case.

Länk till analysen i sin helhet: https://www.redeye.se/research/938691/northbaze-q2-2023-positive-stance-despite-sales-contraction?utm_source=finwire&utm_medium=RSS