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Redeye will likely make minor forecast adjustments following Bredband2’s Q2’22 report. The EBIT came in below our expectations due to increased customer intake at lower marginal levels, increased marketing activities, and higher-than-expected depreciation and amortisation rates, giving rise to the net customer intake of 3000 in the quarter. The 2022E and 2023E adjustments will likely have a slight downward effect on our valuation.
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