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SENASTE
We have made minor revisions to our estimates ahead of Q4/22. In our view, Lime’s presentation at our Nordic Seminar was one of the best in our Nordic tech universe, with its performance seemingly holding up, despite a market heading into recession; while CRM peers are cutting headcount, Lime expects to increase it in 2023. Organic growth on top of stabilising margins means decent earnings growth ahead. Our fair value is SEK 257-291 (251-283).
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