Easor

An important driver for Easor's expansion in Spain is being postponed for the third time.

Overall, the Q2 figures were in line with our expectations, and the number of accounting firm partners continued on an upward trajectory.

We expect the company's revenue to have grown slightly quarter-on-quarter, with growth investments weighing on profitability.

The stock is trading near the lower end of our estimated fair value range (EUR 0.7-1.5).

We expect fairly stable revenue development compared to the previous quarter.

15:09

Easor, the spin-off from Talenom, develops and provides a financial management platform for SMEs and accounting firms.