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SENASTE
Gapwaves’ waveguide antenna technology is validated by agreements with three of the six tier one automotive suppliers, with production set to start in 2024. We also identify significant growth optionality in other industries, such as mobility and smart cities, and in the company’s ambition to move up the radar sensor value chain. We forecast SEK 260m in net sales by 2027, with an EBIT margin of 19%. Our DCF and multiple-based fair value range is SEK 27-32.
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