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SENASTE
Asetek will report its Q1 results on 22 April. We think the company’s recent earnings upgrade reflected extremely strong sales in March and increased visibility for the year. It is evident that the market demand remained solid in Q1 and the semiconductor shortage will likely postpone some unfulfilled demand in the coming quarters. We have increased our 2021-23 EBIT estimates by 4-6% and our mid-point DCF value has been raised to NOK 160.
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