Redeye: Proact IT Group - Early signs of improvements in Germany

On the 20 of January, when Proact released its profit warning with an adjusted EBITA 11% below our forecast, we cut our 2020 EBITA forecast by 12% and lowered our Base case to SEK 180. The more detailed information provided in the report does not change our forecasts notable and we keep our Base case at SEK 180. Going forward, we believe Proact will have to show investors that it can generate substantial and stable profits outside of the Nordic region.

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