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SENASTE
Redeye’s expectations were overall in line with Bong’s Q4 numbers. Adjusted earnings are just above our forecast, despite a challenging environment, particularly in terms of rising raw material costs. Bong will continue to make price adjustments in the first half of 2022, to restore its gross margins. This should pave the way for better profitability towards the end of the year. The report will not cause any significant changes to our forecasts or valuation.
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