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Enea: Firm Actions Towards Turnaround - Redeye

Redeye states that the Q2 report was decent - far from the catastrophe that the recent share-price development reflected. With Anders Lidbäck, the old CEO and previous Chairman, back as interim CEO, we sense that firm action is taken. Lidbäck aims for a sharpened sales focus and that more cost-cuts will come if revenue does not start to grow. Redeye makes slight downward changes to its estimates and fair value range.

Redeye states that the Q2 report was decent - far from the catastrophe that the recent share-price development reflected. With Anders Lidbäck, the old CEO and previous Chairman, back as interim CEO, we sense that firm action is taken. Lidbäck aims for a sharpened sales focus and that more cost-cuts will come if revenue does not start to grow. Redeye makes slight downward changes to its estimates and fair value range.
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