Gapwaves posted a strong Q1, with net sales up 46% y/y and EBITDA excl. ACI hitting SEK-2.5m, 64% ahead Redeye research estimates (RRe). Redeye anticipates accelerating product-related revenue and continued sales growth hereafter, despite global uncertainties. Redeye sees a wave of positive news flows for the year with several potential volume agreements being announced and clarity around Valeo’s Volkswagen win.
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