Redeye sees an overall solid report, with the rebound in ACV being the highlight. On the other hand, OPEX was on the high side, resulting in a lower EBIT y/y. Private and Sweden seem to do well, while Denmark’s struggles from Q1 have a negative impactin Q2 as well. We will likely leave our forecasts and Base Case roughly unchanged – the solid ACV outweighs the soft EBIT.
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