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Press release

Redeye: Navigo Q3 2024: A stumble on the road to recovery

Navigo Invest

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.

Read more and download the Research Update.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/

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Navigo Q3 2024: A stumble on the road to recovery