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SENASTE
Presenting at SEB today, CEO Helena Hed and CFO Liselotte Haglind made a convincing case for a continuing turnaround. In Q3 the company reported flat organic sales, bucking a negative trend going on for many years and reflecting operational streamlining (including divestments) to focus on the buildings segment (2% market share). Actions have now been taken to return Systems to black numbers, targeting a group EBITA of 10%. We reiterate our SEK 24 mid-point value per share.
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