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SENASTE
With its 332k+ user base and 900k+ quarterly transactions, Freja eID’s app is one of the most popular in Sweden. As Freja eID is set to focus more on fine-tuning the commercial aspects of its growing eID ecosystem, we await further platform monetisation. We have cut our 2021–2022e net sales by 24–17%, and forecast a 64%+ revenue CAGR for 2020–2023. We have lowered our fair value to SEK20–35 (25–40).
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