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Leaddesk's Q1 sales were marginally below our estimate while the EBITDA increased y/y by 34% and was broadly in line with our estimate. Also the ARR at the end of the quarter was in line with our assumption. Guidance was repeated. As we expected, Leaddesk sees price hike opportunities from Q2 onward. While the magnitude of the price hikes remain unknown, our first read is that the estimate revisions will be minor based on the Q1 report.
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