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Seafire ended a turbulent 2023 with a soft Q4. The profitability was below expectations, while the cash flow improved. Management sees a tougher 2024 compared to 2023, and comments that January 2024 started off worse than 2023. The focus for 2024 is on continuing to generate strong cash flow and maintain margins, rather than investing in growth initiatives, according to management. 2024E adj. EBITA estimates comes down 8% mechanically on the Q4 report.
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