Redeye updates its estimates and valuation following Navigo releasing its Q3 2024 report. The report missed our estimates, with a potential market recovery for subsidiaries coming later than we originally pencilled in. Still, we judge demand and profitability should improve markedly in Q4 2024e and return to pre-recession levels in 2025e amidst a broader economic recovery. We lower our estimates and valuation.

info@redeye.se (Redeye.se)

Redeye AB - Redeye.se