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XVIVO Q1 2023: Profitable growth - Redeye

XVIVO has performed well in 2023. Both the organic growth (35%) and the improved gross margins (74.5%) is well ahead of expectations and we expect a positive share price reaction of at least 5% vs the regional equity market. Our Base case of SEK 385 (our Bull is SEK 800 and our Bear case is SEK 105) ahead of Q1 2023.

XVIVO has performed well in 2023. Both the organic growth (35%) and the improved gross margins (74.5%) is well ahead of expectations and we expect a positive share price reaction of at least 5% vs the regional equity market. Our Base case of SEK 385 (our Bull is SEK 800 and our Bear case is SEK 105) ahead of Q1 2023.
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