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Formpipe: Q1’21 Review, Executes the Strategy - Redeye

Redeye retains its neutral view on Formpipe following a Q1 report indicating a solid start of the new growth strategy. Net recruitment came in strong, and EFS is already signing SaaS deals. We lower our 2021 EBIT forecast while keeping our Base case intact.

Redeye retains its neutral view on Formpipe following a Q1 report indicating a solid start of the new growth strategy. Net recruitment came in strong, and EFS is already signing SaaS deals. We lower our 2021 EBIT forecast while keeping our Base case intact.
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