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Tagmaster Q3’21: Pricing power outweighs component issues - Redeye

Redeye's take following this morning's Q3 report for Tagmaster is mixed. The topline was lower than expected, mainly due to components issues and a slower return to regular business. However, the very strong gross margin points to pricing power and increasing software sales in the total sales mix. We adjust our sales estimates downwards for the full year 2021 but maintain our fair value of SEK 42 per share.

Redeye's take following this morning's Q3 report for Tagmaster is mixed. The topline was lower than expected, mainly due to components issues and a slower return to regular business. However, the very strong gross margin points to pricing power and increasing software sales in the total sales mix. We adjust our sales estimates downwards for the full year 2021 but maintain our fair value of SEK 42 per share.
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