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Tobii: Appreciating USD is appreciated - SEB

Even though Tobii has navigated well through recent quarters, we believe the difficulties its customers are having selling consumer electronics could be a drag on growth, which prompts us to revise down our organic growth assumptions, although this is offset by positive FX movements (mainly USD). While this situation could remain for a few quarters, the case is driven by design wins in upcoming verticals. Our SEK 45 mid-point is unchanged.

Even though Tobii has navigated well through recent quarters, we believe the difficulties its customers are having selling consumer electronics could be a drag on growth, which prompts us to revise down our organic growth assumptions, although this is offset by positive FX movements (mainly USD). While this situation could remain for a few quarters, the case is driven by design wins in upcoming verticals. Our SEK 45 mid-point is unchanged.
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