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2019-07-15

Proact IT Group: Redeye: Proact IT Group - Headwind from the West

While Proact's Q2'19-report in most ways was a disappointment, we
argue that the sharp fall in the share price of over 20% is too much.
The system revenue is always lumpy, and the ~10% drop is nothing to
worry about. However, the corresponding decline in non-cloud service
revenue is a concern. The cloud business performs well, and M&A is
still on the table. While we lower our Base case to SEK 215 (235), we
believe the risk/reward in Proact is attractive at the current share
price of SEK 184.

Read more and download the research update: http://bit.ly/2ShfEYC

Start following companies at Redeye to receive the latest equity
research within Life Science and Technology.

This is a press release from Redeye - Research Powered Investment
Banking. https://www.redeye.se/about/

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https://news.cision.com/se/proact-it-group/r/redeye--proact-it-group--he...

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