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SENASTE
Leaddesk delivered solid profitability in Q3, following a fast turnaround process in the acquired Länksilinkki. The market situation for new sales has remained challenging and adverse FX continues to impact headline growth. However, we think that the enterprise segment gates could gradually open, resulting in an acceleration in growth. In such a case, Leaddesk’s valuation (EV/EBITDA of 10x) does not look demanding at all, in our view.
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