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Bredband2: Promising Outlook - Redeye

Redeye makes positive estimate revisions on the back of Bredband2’s strong Q3 2023 report that beat our estimates across the board. Most notably, we raise EBIT projections by 7-6% for 2023e-2024e, as the company’s margin expansion has been more successful than our expectations. Our positive estimate revisions entail a higher base case valuation.

Redeye makes positive estimate revisions on the back of Bredband2’s strong Q3 2023 report that beat our estimates across the board. Most notably, we raise EBIT projections by 7-6% for 2023e-2024e, as the company’s margin expansion has been more successful than our expectations. Our positive estimate revisions entail a higher base case valuation.
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