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Greater Than: Holding up well, back to growth in H2 20E - Danske Bank

The Q2 20 report included slightly better figures than we had feared, indicating that customer fleets saw higher utilisation than expected. We note that Greater Than's discontinuation of B2C, together with Moderna, will impact revenues temporarily going forward, which we had expected to show in Q2. We still expect ramp-up of the customer base late this year and into 2021, with several new discussions adding to the picture.

The Q2 20 report included slightly better figures than we had feared, indicating that customer fleets saw higher utilisation than expected. We note that Greater Than's discontinuation of B2C, together with Moderna, will impact revenues temporarily going forward, which we had expected to show in Q2. We still expect ramp-up of the customer base late this year and into 2021, with several new discussions adding to the picture.
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