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Addvise Q1 review: Another solid quarter - Redeye

Redeye remains positive to ADDvise following a stable quarter, where particularly Labs improved its EBITDA significantly YoY. Management seems optimistic regarding both demand and M&A activity, and the net debt is now at a healthy level. We leave our Base case and forecast unchanged while noting Q1 as another solid quarter.

Redeye remains positive to ADDvise following a stable quarter, where particularly Labs improved its EBITDA significantly YoY. Management seems optimistic regarding both demand and M&A activity, and the net debt is now at a healthy level. We leave our Base case and forecast unchanged while noting Q1 as another solid quarter.
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