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Bredband2 Q1’22: Initial Take - Redeye

Redeye comments on Bredband2’s Q1’22, revealed earlier this morning. The sales were slightly below our expectations, which affected the bottom line. However, the costs were lower than our expectations, highlighting continued cost synergies from the A3 acquisition. Consequently, we will do minor 2022E and 2023E adjustments, slightly affecting our valuation.

Redeye comments on Bredband2’s Q1’22, revealed earlier this morning. The sales were slightly below our expectations, which affected the bottom line. However, the costs were lower than our expectations, highlighting continued cost synergies from the A3 acquisition. Consequently, we will do minor 2022E and 2023E adjustments, slightly affecting our valuation.
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