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Verkkokauppa.com lowered its guidance for FY 2022 in March. It forecasts sales and EBIT down by 3% and 24% at the mid-points respectively, which point to a tough year after a decade of sales growth. We still see some risk to the FY outlook, as we are at the low end of the EBIT range. Our fair value analysis indicates a fair value range for the share of EUR 4.1 to EUR 4.7.
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