Driven by a higher share of private label sales and good cost management, DistIT Group now expects Q4 EBIT of SEK 40-50m, well ahead of our current SEK 34m estimate. This implies prospective full-year upgrades of about 20% to mid-point EBIT guidance of SEK 82-87m. Based on Friday's share close, we believe DistIT Group is being valued at below 8x our unchanged 2021 EV/EBIT forecasts, as the shares have lagged the small cap market performance over the past year.
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