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Redeye: Addnode - Positive Momentum

Redeye takes a neutral view on Addnode following a solid Q4 report. Following the 55% increase in the share price during the last three months, Addnode is trading around our revised and increased Base Case. However, Addnode has historically often traded above our Base case. DM had a more robust rebound than expected, although still negatively affected by soft demand from AEC, and PLM again impressed with high margins.

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Addnode - Positive Momentum

Source:MFN
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