I don’t have full insight into the company, other than hearing them mentioned a bit here at the Inderes office and they conduct their presentations with us. But after reviewing Q3, it feels like they are in a situation that many Swedish companies are in right now. Macroeconomic headwinds are mentioned as a factor for decreased organic revenue, and there is a full focus on operational efficiency impacting profitability. EBITA increased by 1.8% in Q3, and that in itself might not say much, but doing so while revenue decreased and order intake looks bleak might say more. However, this is likely the beginning of a journey for ADDvise, and they need to show more strength in their structure.
What do you think?