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Based on re-instated pandemic restrictions in the period, available market data and company reports suggest Q4 was difficult in retail and trading markets. In addition, bottlenecks in the sourcing chain have resulted in delays and increased costs. After our cuts to sales and gross margin assumptions, we estimate DistIT Group to report almost double-digit growth y/y (bolstered by the acquisition of Efuel) and EBIT of SEK 60m (+18% y/y).
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