Revenio: Let's investigate before we jump to any further conclusions
A profit warning weighed on the stock yesterday, which was largely justified as earnings growth turned negative. However, on current information, we expect the weakness to be temporary and the company to return to earnings growth next year. With this, the valuation (2024e EV/EBIT 19x) is reasonable after the collapse. However, the surprisingly sharp deceleration keeps risks elevated and raises concerns, which we will address in the Q2 report.