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Redeye comments on Modelon's Q4 2023 report, which showed an ARR growth of 11%. This was somewhat slower than our estimate, as we had anticipated a slight pick-up in pace. Net revenues were also a bit lower, which impacted the EBIT. 2024 will be an important year for Modelon to demonstrate its scalability and pave the way for accelerated growth. The cash balance was SEK59m at year-end.
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