Based on the Q3 report alone, our ‘21e EBIT would rise by 10%. That said, orders and the gross margin came below our forecasts. On our unrevised estimates, Pricer’s share is trading at 29x ‘21e EV/EBIT, and 18x on ‘22e. Investor presentation starts at 13.00 CET, https://financialhearings.com/event/13243.