Will the Beast turn into a Prince?

We are not sure, but we have spent some time studying the case, Q1 figures and the latest peer updates. We have concluded to stay with CrayOne (Crayon + SoftwareOne) for now. Our target price is 11,1 CHF driven by very strong cost development in SoftwareOne (cost cut target increased to 88 MCHF) under the new management. Our other assumptions are more on the conservative side.

Have a look and make up your own mind🤔

Here is the link to the original Beauty and the Beast.

 David and Sverre

Hvaler Invest AS
Lillestrøm, Norway
03.06.25

Disclaimer:
Hvaler Invest is a significant shareholder so you cannot trust us (or perhaps you can?)