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Redeye’s expectations were almost in line with Heliospectra’s Q4 numbers, adjusted for non-recurring write-downs. We believe the company’s shift in strategic direction from a supplier of LED lights to a system supplier within Smart Farming is probably the right way to go. But we think it might have some short-term negative impact on sales growth. And with Q4 order intake on the low side we will most likely revise our near-term sales forecasts.
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