Strong profitability and achieved breakeven margins in non-core businesses were positives in Q3. Unchanged guidance indicates a bit weaker Q4 than we expected, so we trim our FY/25 EBITDA estimate by 10%, or EUR 1.8m. Covenants were not breached, and again the company has some additional months to possibly divest its renewable project pipeline. We reiterate our fair value range of EUR 4.5-6.5.
LÄS MER