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In conjunction with the Q1 report, Tobii announce they are seeking to spin-off and publicly list Dynavox as a separate entity with Pro and Tech remaining in the Group. Dynavox constituted 63% of group sales in 2020. Our initial cross-check to peers implies an EV for Dynavox of about SEK 4-4.3bn (Tobii Group around SEK 6.5bn today). At first thought, we like the idea of splitting the company and giving shareholders two clear investment alternatives.
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