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Press release

Redeye: BICO (Q3 Review) - A return to organic growth and adjusted EBITDA profitability

BICO Group

Redeye updates its estimates and fair value range following BICO’s Q3 2025 report showing a return to organic growth in line with our projections. It also showed a slight beat on sales and adjusted EBITDA compared to our estimates, on account of stronger-than-anticipated Lab Automation sales. BICO trades at an EV/S of 0.5x and an EV/EBITDA of 12x on Redeye's 2026e projections.

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

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BICO (Q3 Review) - A return to organic growth and adjusted EBITDA profitability

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