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Image Systems: Solid Performance - Redeye

Redeye is happy to see the very solid performance of the third quarter. Both business segments posted stronger earnings than we expected. On Group level Q3 was a new ATH with EBITDA margins of almost 30%. Image Systems appears to be in better shape than ever. We are growing increasingly confident on the case and raise our forecasts and valuation somewhat.

Redeye is happy to see the very solid performance of the third quarter. Both business segments posted stronger earnings than we expected. On Group level Q3 was a new ATH with EBITDA margins of almost 30%. Image Systems appears to be in better shape than ever. We are growing increasingly confident on the case and raise our forecasts and valuation somewhat.
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