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BIMobject Q1’23: Largely in Line - Redeye

Redeye considers BIMobject’s figures to be overall in line with our estimates. ARR grew 7% at an annualized rate in constant currencies while EBITDA was slightly below expectations, driven by higher costs. Most importantly, we see the company is progressing with its revitalization program which is moving the company in the right direction. Following the report, we expect to make minor estimate adjustments.

Redeye considers BIMobject’s figures to be overall in line with our estimates. ARR grew 7% at an annualized rate in constant currencies while EBITDA was slightly below expectations, driven by higher costs. Most importantly, we see the company is progressing with its revitalization program which is moving the company in the right direction. Following the report, we expect to make minor estimate adjustments.
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