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Bactiguard’s Q2 net sales of SEK 44m were below SEB (SEK 53m), with an organic net sales decline of 19% y/y in the quarter. BD revenues missed expectations whilst BPP revenues were higher than SEB. Q2 adj. EBITDA loss was slightly higher than our estimate coming in at SEK -14m (SEB at SEK -11m). Bactiguard’s financial targets remain unchanged. Rather undramatic report overall given the profit warning on 7 July.
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