Redeye updates on Northbaze following its Q1 results, which were weaker than expected on the topline but much in line with our EBITDA forecast. With the acquisition of Lowwi AB (Skalhuset) now fully integrated, we reiterate our belief that Northbaze will generate profit for the full year despite the consumer market continuing to be soft with muted demand.

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Northbaze Group - Leaving the tough years behind

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