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Redeye states that Strax Q1’23 report was weak on top line but with better profitability The sales figure for the period was EUE19.3m, which represents a year-on-year decline of 40%. This result fell short of our estimated figure of EUR25m. However, underlying sales of Own brands audio +42% Y/Y to EUR3.3 and Audio +41% Y/Y to EUR3.2m points the market is picking up. Overall Strax managed to post a positive EBITDA of EUR0.2m.
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