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SENASTE
At the group level, Serneke’s Q1 results in terms of order intake, sales and EBIT margin were well above our expectations, showing continuing evidence that its turnaround is progressing well. Although the Construction margin was below our expectation, it still improved y-o-y, and we find it positive that sales and order intake continue to improve while profitability strengthens as well. The earnings beat was derived from Invest.
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