2024 will mark the start of production for the first of Gapwaves’ tier one automotive suppliers, Hella. We believe that, together with continued orders for antenna prototypes, development contracts and production equipment, should mean better growth ahead. Furthermore, we go through our assumptions to reflect Gapwaves’ indicative pricing and volumes and tweak our DCF-based fair value range to SEK 25-34 (previously SEK 27-32).
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