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SENASTE
Glaston’s Q1 order intake improved 4% y/y continuing the ongoing recovery from the order drought during 2020. Especially the services business is set to improve going deeper into 2021E, as restrictions are lifted and Glaston can get back to servicing its installed machine base. We raise our order intake and sales estimates for 2021E and lift our fair value range to EUR1.0-1.20.
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