in slightly below our forecast. Despite USWE experiencing lower order volumes
from distributors due to high inventory levels during the quarter, the demand
from consumers continues to be strong. In addition to launching a new web page
and VOID recording its best quarter yet, USWE announced the acquisition of
Giant Loop for SEK 30 million. We keep our long-term scenario intact for USWE
and therefore choose to maintain our fair value estimate for the share.
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