Redeye embraces the strong sales growth in the quarter, and we emphasise the coming revenue growth drivers that should become more visible during 2024e. Coupled with a strong balance sheet (cash of SEK288m) and 50-60% discount to its peers’ EV/sales multiples, we argue the case remains undiscovered by the market, but that next year should likely begin triggering more interest.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/

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