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SENASTE
Actic Group, a leading northern-European fitness club operator, will report Q2 results on 29 July at 07.45 CET. We leave our financial forecasts unchanged and we reiterate our SEK 25 midpoint DCF-based equity value per share. Reflecting the Covid-19 pandemic, we expect Q2 too to be negatively impacted by closed facilities across its markets. We expect strong cost management to mitigate negative organic growth, while looking for LBIT of SEK 17m in the period.
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