Redeye saw a Q2 report showing sales slightly below our estimates, with a total growth of 31% for the quarter. Costs increased a bit more than expected, mainly driven by R&D. The gross margin was roughly in line at 69.1% vs. our estimate of 70%. The EBIT result was SEK -14.7m vs. our estimate of -13.2m. Growth continues well in Germany, and the US shows a strong rebound, still from low absolute levels. We do not expect to make significant changes to our Base case.
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