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Redeye: Northbaze Group Q1 2023 - Optimistic earnings outlook

Northbaze GroupPress release22.05.2023, 07.36

Redeye maintains a positive stance on Northbaze Group despite the company's 10% decline in sales. CEO Henrik Andersson assures stakeholders of the company's adaptability and highlights improved efficiency from transformation efforts. New customer agreements are set to be announced, and despite a weak quarter, Northbaze aims to recoup and maintain a 10% EBITDA margin in 2023, demonstrating management’s commitment to profitability amidst market challenges. Our updated view of the company and current market conditions has led us to revise our base case.

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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Northbaze Group Q1 2023 - Optimistic earnings outlook