Beijer Electronics Group: Solid Post-Pandemic Rebound Expected
Redeye leaves estimates and valuation unchanged, following mostly in-line Q1’20 performance, and reiterate our positive long-term stance on the stock. More importantly, the company’s communication in the report and conference call makes us even more confident that it will be able to sustain a potential period of lower activity and succeed in a solid post-pandemic rebound. Base case amounts to SEK 46 per share.