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DistIT Group: Top-down headwinds set to unite in Q4 - SEB

Ahead of the Q4 results (due 22 February) we cut our sales and mainly gross margin assumptions to reflect macro and consumer headwinds, including the impact of a stronger US dollar in sourcing. As a leading distributor of IT/technology and SDA consumer goods products we reckon the first half of 2023 could be challenging too, albeit mitigated by gradual price increases. We set our revised mid-point equity value at SEK 60 (SEK 75).

Ahead of the Q4 results (due 22 February) we cut our sales and mainly gross margin assumptions to reflect macro and consumer headwinds, including the impact of a stronger US dollar in sourcing. As a leading distributor of IT/technology and SDA consumer goods products we reckon the first half of 2023 could be challenging too, albeit mitigated by gradual price increases. We set our revised mid-point equity value at SEK 60 (SEK 75).
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