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SENASTE
Leaddesk’s case remains intact and its ARR is growing faster than its sales, which means it is in a good position to accelerate growth in 2024E. The company is moving ahead with its AI developments, which should support an improving competitive position in the European SME segment. The changed ARR reporting should improve accuracy in forecasting, we think. Fair value range finetuned to EUR 12-15 (from EUR 12-14).
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