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Redeye updates on Raketech after its Q1-results where performance was softer than expected, mainly driven by a Google update which impacted Casumba negatively. Follwing the new guidance that was updated in connection with the publication of preliminary results on May 1, we adjust our estimates and we have lowered our 2024-26E EBITDA by 15-20%. On the back of the lowered estimates, we also reduce our base case valuation to SEK35 (SEK40).
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