Tagmaster: A good rebound - Redeye

Redeye’s first comments follow this morning’s Q4 report from Tagmaster. Tagmaster showed better growth than we expected. The acquisition helped a bit, but the organic growth was positive this time, an apparent reversal from previous quarters. The total deviation on all levels was considerable, with the sales rebound and a slightly higher contribution from the acquisition. We are encouraged to see a positive quarter after several negative ones. We will make some adjustments based on the better result, but with the high volatility between quarters, we would like to see more signs that the market is improving before making substantial changes. With the positive outcome in the quarter, the share should respond positively.

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