Sumo is well positioned in the current environment with a high level of contracted revenues and continued robust market demand for its services and technologies. Sumo is also managing the transition to remote working well and the company has ample liquidity to pursue its medium term plans. Despite its favourable positioning and financials, management prudently outlined a possible EBITDA impact from the crisis. We conservatively factor this scenario into our forecasts and lower our 2021 Adjusted ....
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Sumo Group (SUMO LN) - Fighting fit
- Published:
21 Apr 2020 -
Author:
Bob Liao, CFA -
Pages:
12
Sumo is well positioned in the current environment with a high level of contracted revenues and continued robust market demand for its services and technologies. Sumo is also managing the transition to remote working well and the company has ample liquidity to pursue its medium term plans. Despite its favourable positioning and financials, management prudently outlined a possible EBITDA impact from the crisis. We conservatively factor this scenario into our forecasts and lower our 2021 Adjusted ....