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Redeye concludes that Smart Eye's Q4 2024 report was even better than it looked at first sight. Adjusted for one-off items relating to changes in accounting principles, the Automotive Solutions business area showed a stellar organic growth of 42% y/y, beating our estimates by 12%. With license revenue growing by 200% y/y, Redeye sees that momentum has finally picked up again after a couple of slow quarters. With many procurements still waiting to be nominated, we expect a continued good news flow ahead.
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