EBIT and profits are down 46,6 % and 31,3 % for the year, but on a more positive note, revenue is up 1,4 % for the full year of 2022.
The reason for the weaker report is primarily a weaker global demand for smartphones, with volumes down almost 20 % compared to Q4’21 according to the CEO.
We have adjusted our estimates downward somewhat but maintain our long-term positive view of the company.
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