Redeye: STRAX - Towards Improved Profitability and Stronger Balance Sheet
Redeye states that Strax delivered a solid quarter on topline, but margins are still weak. However, Strax is taking actions towards improving margins and possibly also improving its balance sheet by divesting the PPE business. Redeye lowers estimates and lowers its valuation.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/