Revenue growth in OP’s forecasts of around 0-2% in no way reflects the expansion into the USA, the market described there, and the expected investments. An additional 100 million USD in annual turnover is the minimum target. Only after that will we be back at the levels of past years. On top of this, with telemetry and safety solutions for rail and public spaces—which should be generating something other than losses—the share price can start to be pegged between 5 and 10 euros. For analysts, history is not, or should not be, a forecast of the future.
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