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SENASTE
With recent contract announcements totalling more than SEK 80m in order value, we believe that 2024 is set to be another year with double-digit revenue growth. Furthermore, Tempest Security’s increased internal focus on profitable growth, coupled with easing external headwinds, looks set to drive even higher earnings growth. Following some minor fine-tuning of our estimates, we reiterate our mid-point DCF value of SEK 27 per share.
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