DistIT Group reported Q2 sales in line with our forecasts, while an underlying LBIT of SEK 4m compares to our SEK 1m EBIT estimate (no consensus available). A lower share of PL sales lower bought-in margins (unfavourable FX) burdened the Q2 gross margin, reported at 20.3% (SEBE: 20.9%), down 70bp y/y. SG&A are rather in line with our forecasts. Reflecting limited deviations we are contemplating minor changes to full-year forecasts. Our mid-point DCF is SEK 125.
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