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Actic Group, a leading Northern-European gym and fitness club and operator, will report Q3 results on Wednesday 2 November at 07.45 CET (conference call at 10.00 CET). We believe Actic Group’s turnaround post the lifting of Covid-19-related restrictions (closed gym clubs) looks set to continue. In the medium-term outlook, health awareness and fitness trends add to fundamentals in the market for gym clubs. We reiterate our SEK 19 mid-point DCF-based equity value.
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