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Redeye provides its initial take on Vitec’s Q4 2024 report, which featured sales that clearly exceeded our expectations, while EBITA came in slightly below what we pencilled in. Overall, we judge the company posted solid organic growth and scaled M&A volume nicely in 2024. We believe Vitec has a solid starting point to continue its growth journey in 2025e. We will likely raise our base case after the report.
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