Redeye: A round of applause for Addnode Group
Addnode had a strong performance during the second quarter of 2016. On a segment basis, we found only minor deviations in all segments except Design Management, which exceeded our forecast. We must applaud the performance of Design Management despite the challenges they face. The stock price has had a strong run since the report and we find the share as fairly valued given our assumptions in the Base-case.