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SENASTE
With renewed proliferation of the Covid-19 virus, markets are again subject to restrictions aimed at reducing social activity. In anticipation of additional measures, we see a risk of consumers opting out in the fitness sector (freezing or postponing memberships). We cut our sales and EBITA forecasts and revise our mid-point equity value to SEK 21. This said, Actic’s share price is now back at its level during the market trough (19 March 2020).
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