Report
Wim Gille

CM.com : Navigating and communicating the path from growth to profitability

>Changes to our model - In this note we update our model and target price, though our revenue forecasts are largely unchanged. Our gross profit forecasts come down 5% for 2022 and 10% for 2023. This is largely driven by a reset on CPaaS margins as voice is becoming less significant in the mix post COVID-19. In addition, we note that opex and headcount grew faster than we expected in recent quarters. Overall, our EBITDA forecasts come down by more than € 20m per annum ...
Underlying
DUTCH STAR C SHAR

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Wim Gille

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