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SENASTE
Ahead of Leaddesk’s Q2 report, we raise our estimates after including the recent Telematic acquisition. We expect a gradual pick up in ARR in order to keep forecasting 14% organic growth for 2025. We would welcome more Telemagic-like acquisitions, although that would likely require funding arrangements. Leaddesk’s valuation multiple remains well below those of its local and Nordic SaaS peers.
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