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SENASTE
We expect Leaddesk’s growth to accelerate to around 10% ahead of the Q3 report. H2 sales growth should be backed by the Telemagic acquisition, European market growth and deployment of already won large deals. Yet, the momentum is offset by continuing cost savings by existing customers. We have cut 2025-26E estimates slightly. Our fair value range is reduced to EUR 10-13 from EUR 12-14.
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