Redeye notes that PiezoMotor continues to show impressive growth in the first quarter, proforma 24% organically Y/Y. Also, adjusted EBITDA margins of 12% and positive cash flow validates healthy profitability for the new group, Acuvi. We have made some rather small adjustments to our forecasts. With a Base case fair value around SEK 88 per share, we still see significant potential.
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