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Redeye notes that the magnitude of impact from COGS price inflation is significant. Systemair posted impressive organic growth of 16% in Q4. The majority is however related to price increases implemented to compensate for higher costs. The overall market outlook is still positive, although challenges in component sourcing and pricing remain. We will raise our forecasts, primarily regarding top-line growth. Partly on the back of strong Q4 numbers but also recent acquisitions.
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