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SENASTE
Redeye saw a Q2 report that was slightly weaker on the top line, with higher costs, making for a lower outcome than expected. The German market continues to develop well while we await a real breakthrough in the US, as the reimbursement process has been slow. We believe it is more of a timing issue than a real one. We have adjusted our estimates and left our fair value range unchanged but lowered our Base case slightly as we still see excellent growth opportunities going forward.
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