Higher sales and profitability
We increase our 2023-24e revenue forecast by 7-14%, while our earnings forecasts are up by 21% and 13%. Our updated revenue forecast for '23e of DKK 9.4bn is driven by increased order intake, which is driven by the higher-than-expected order intake for Q4 as well as raised order intake forecast for '23e and '24e due to a strong pipeline of won (but yet to be booked) orders of DKK 1.4bn as well as collaboration agreements worth DKK 5.5bn. Our raised earnings forecasts reflect increased revenues as well the planned divestment of ScandiByg and increased focus on profitability.
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