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SENASTE
Redeye reiterates its fair value range of QleanAir following solid operational performance during Q1’23, where margins recovered substantially. Based on that, we raise our profitability outlook for the coming years and identify a solid upside in the share. The risk/reward has improved further, and the company now trades at attractive multiples like 5-7x P/E, or 7-9x EV/FCF for 2023-2024.
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