Redeye provides its initial take on Lifco’s Q2 2024 report, which came in broadly above our estimates. We judge that positives from the report include better-than-expected organic growth and margins, indicating that our estimates have been overly pessimistic after Lifco’s soft Q1 figures. We expect to nudge up our estimates and valuation after the report, though we suspect some subsidiaries' economic environment could remain volatile in H2 2024e.
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