Redeye updates on G5 after Q2-results which showed weaker sales than expected, while results were close to our forecasts, thanks to a solid gross margin and cost savings. While we lower our topline forecasts, additional cost savings mitigate the effect on our earnings forecasts, which remains largely unchanged. We leave our fundamental DCF-valuation unchanged while G5 scores as Cheap Redeye’s new proprietary value score.
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