LeadDesk: Customer communication cloud floats deeper into Europe

By Antti Luiro
LeadDesk is a European SaaS software company whose product enhances the sales and customer service of companies. In recent years, the company has grown decisively in the cloud revolution on the strongly growing European market. With a strategy that utilizes acquisitions and in the market tailwind, we see good drivers for growth in coming years. Acquisitions limit short-term organic growth, whose future slope will only become clear over time. Following estimate revisions, we feel, the current valuation (2022e EV/S 3.9x) still offers sufficient return expectation compared to the risks