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SENASTE
Redeye is happy to see Railcare clearly beating our Q3 earnings forecast. EBIT margins of 17% is close to record levels, mainly driven by solid performance within Transport Scandinavia. However, the business segment had some large deliveries in Q3 boosting the numbers. Overall, market conditions remain firm in Railcare’s main market segments, while the UK appears more uncertain. Following the Q3 report, we’ll probably only make minor adjustments to our medium- and long-term financial forecasts.
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