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Zutec Q4: In line with our estimates - SEB

Q4 numbers came in fairly in line with our expectations. While sales excluding Createmaster seemingly decreased y/y, recurring revenues are however increasing, and our assessment is that a couple of larger project deliveries had a larger negative impact. Our initial assessment is that estimate revisions will be neutral, and we reiterate our investment case.

Q4 numbers came in fairly in line with our expectations. While sales excluding Createmaster seemingly decreased y/y, recurring revenues are however increasing, and our assessment is that a couple of larger project deliveries had a larger negative impact. Our initial assessment is that estimate revisions will be neutral, and we reiterate our investment case.
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