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SENASTE
Efuel - a division in DistIT Group - has announced a distribution agreement with Norwegian DEFA - a supplier of mainly car electrical pre-heaters and EV chargers (contender market position). We believe this agreement could be important to replace significant market volumes after last week's decision by Sweden's Elsäkerhetsverket to impose sales bans on two EV charging boxes from market leader Easee. For now, we maintain our estimates and our mid-point (TERP-based) of SEK 26.
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