Dynavox delivered a robust Q1, with sales coming in 16% above our forecast and 13% ahead of consensus, driven by 36% total growth (33% organic). The performance is particularly impressive given seasonally soft demand and tough comps. While EBIT came in slightly below expectations, mainly due to a higher cost base and non-recurring items, underlying momentum remains strong. We will likely make minor downward adjustments to our near-term estimates, primarily FX-driven, but retain our positive long-term view.
LÄS MER
