LeadDesk Oyj Press release 7/9/2020 5.30 pm

Unofficial translation of company announcement
 

M.Sc. (Tech.), MBA Mika Matikainen has been appointed as the Vice President in charge of Enterprise Sales at LeadDesk Oyj. Matikainen also joins the company's management team. LeadDesk offers a cloud-based software for high volume customer service and sales and is listed on Nasdaq First North. 

We reiterate our accumulate recommendation for LeadDesk and revise the target price to EUR 11.50 (previously EUR 9.0).  In our estimate, LeadDesk’s investment case has progressed to a phase that is attractive from an investor’s perspective. In this phase, the company’s investments in international business and product development will start to pay off in the form of expanding market potential and scalable growth. We expect the growth of LeadDesk’s operating result to reach approximately 40% annually. Relative to this expectation, the current valuation of the share is still reasonable.