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Redeye: Safeture - Lower targets but solid foundation

SFTRPress release17.02.2025, 08.25

Redeye updates its estimates and valuation following Safeture’s Q4 2024 report. Both net sales and ARR growth missed our estimates, driven by churn from a challenging German market. The company also revised its growth target downwards, now expecting annual growth of 15% rather than 30% in the medium term. On the positive side, cost control remained strong, with positive EBIT for the second quarter in a row. Although growth is expected to be slower, the foundation for the coming year is solid. Redeye reduces its growth estimates over the forecasting period, resulting a lowered fair value range.

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

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Safeture - Lower targets but solid foundation