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SENASTE
Redeye states that Ngenics preliminary sales figures are impressive, with total sales of SEK14.6m for the first quarter 2023, reflecting a remarkable y/y sales growth of 133% and a q/q growth of 63%. Our previous sales estimate for the same period was SEK10.9m, indicating a deviation of 34% from the reported figure. While we have revised our sales estimates for 2023, we maintain our fair value range (SEK13-51) and base case (SEK26).
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