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Enea preview Q2 2024: Expecting another solid quarter - Redeye

Redeye updates its estimates for the Q2 2024 report (due 2024-07-18). Redeye makes minor estimate changes for Q2. As such, Redeye expects continued organic growth (total +1% y/y but +5% for Network and Security), combined with sound profitability (SEK64m EBITDA) and cash generation (SEK42m EBITDA-CAPEX). Resulting from strong profitability despite market headwinds in the last year, Redeye lifts its long-term profitability estimates. While the stock has performed well since the Q1 report, Redeye continues to see good upside as it raises its fair value range.

Redeye updates its estimates for the Q2 2024 report (due 2024-07-18). Redeye makes minor estimate changes for Q2. As such, Redeye expects continued organic growth (total +1% y/y but +5% for Network and Security), combined with sound profitability (SEK64m EBITDA) and cash generation (SEK42m EBITDA-CAPEX). Resulting from strong profitability despite market headwinds in the last year, Redeye lifts its long-term profitability estimates. While the stock has performed well since the Q1 report, Redeye continues to see good upside as it raises its fair value range.
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