Penneo: Ramping Up Investments - Redeye

Redeye retains its positive view of Penneo following its Q2 report despite showing slightly lower ARR growth than expected. However, a highlight was that the FY’22 ARR guidance of DKK 77-82m, corresponding to a 40%-49% y/y growth, as well as the EBITDA guidance of a negative of DKK 15-20m was maintained. Consequently, we make minor 2022E and 2023E forecast adjustments that slightly affect our valuation.

Länk till analysen i sin helhet: https://www.redeye.se/research/854040/penneo-ramping-up-investments?utm_source=finwire&utm_medium=RSS