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SENASTE
Redeye is positively surprised by Bredband2’s Q3 performance, where its efforts to increase margins exceeded our expectations by one percentage point, reaching an 8.2% EBIT margin in the quarter. For Q4 2023, the company increases its EBIT margin target to c.8% and expects the solid sales growth to remain. Following the solid performance, we expect to increase our estimates and valuation range.
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