Ranplan: Still on Track, Bumpy Ride

Redeye maintain a positive stance on Ranplan and confirm our base case, implying substantial upside potential. We have lowered our forecasts for 2020 as a result of somewhat disappointing H2’19 results, and recognize that marketing activities in this field are tedious and time-consuming matters. We still believe Ranplan’s software has excellent long-term prospects as reflected in our forecasts..