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Redeye shares its thoughts following Urb-it’s Q1 report, where net sales grew 143% y-o-y – largely due to continued favourable market conditions coupled with the partnerships, such as La Poste, paying off. We understand the market is still very favourable and that Urb-it will go live with large new customers in Q2 – further set to spur Urb-it’s growth. We make minor estimate revisions and keep our fair value range intact.
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