Boreo (Q3 review): Operating leverage at last - Redeye

Redeye updates its estimates and valuation after Boreo's Q3 2026 report. Organic growth of 25% and almost flat costs doubled adjusted EBITA to EUR3.5m, well above our estimate and consensus. We raise our adjusted EBITA estimates by c30% for 2026–2028e, and our fair value rises from EUR26.2 to EUR34.8.

Länk till analysen i sin helhet: https://www.redeye.se/research/1191322/boreo-q3-review-operating-leverage-at-last?utm_source=finwire&utm_medium=RSS