Redeye: Proact IT Group - One step forward

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While we lower our Base case to SEK 201 (215) and our 2020 EBITA forecast by ~8%, we remain positive to Proact. The Q3 report is far from Proact’s financial targets but still a solid step in the right direction relative to Q2. Business Unit West is improving, cloud growth continues to be solid, PeopleWare has been acquired, and we believe that the operational bottom is behind us.

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