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SENASTE
Redeye sees a weaker report than expected due to supply chain delays and covid issues that made order fulfillment slower than expected. The increased investment in growth also affected the cost levels more than expected. However, the underlying business is strong as ever with a sizable order book. We adjust our estimates due to the weaker sales and cost estimates while keeping our fair value range intact with a SEK 92 per share base case value.
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