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SENASTE
Tempest Security reported sales of SEK 111.8m, 6% below our expectations and EBITDA of SEK 7.6m. The EBITDA margin of 6.8% was 1.6pp below our estimate of 8.4%, due to a significant decrease in EBITDA for the Security Solutions segment. This was explained by staff shortages in the aftermath of the pandemic which resulted in more overtime and higher personnel expenses.
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