I-Tech: Solid Quarter, Slightly Adjusted Growth Curve

Redeye reiterates its long-term positive stance to I-Tech following the Q3-report. While the Q3-figures were overall in line with our estimates, the market development during 2020 makes us adjust the growth curve for 2021-2022. While we still expect growth 30% in the coming years, the adjustment results in a slightly reduced base case valuation.