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Enea: Weak organic growth - Redeye

Redeye states that both sales and profitability were lower than estimated. Enea says it has now started investing more in sales and marketing to grow the top line. Enea reiterates that it will be “challenging” to reach its 20% EBIT-margin target this year. Redeye will lower its estimates and its valuation range.

Redeye states that both sales and profitability were lower than estimated. Enea says it has now started investing more in sales and marketing to grow the top line. Enea reiterates that it will be “challenging” to reach its 20% EBIT-margin target this year. Redeye will lower its estimates and its valuation range.
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