SEK market cap is $6B. If these guys can successfully partially disrupt them, ie convince some employers to cutout out the recruiter completely and use a more tailored solution, then they should do very well.
Whether they are managing this or not I'm not sure. The quarterly due out this month should provide an indication whether things have turned around in a postive way, or they are still stagnating.
This has the same potential as FZO to rerate strongly, I'm just not convinced they have the same calibre of management (board and upper management) to deliver on that potential.
Cdchi1
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