Redeye comments on EG7’s Q4-results which were stronger than expected, driven largely by solid performance from Fireshine while other segments were closer to our forecasts. The company has also announced withdrawal of its 2026E financial targets while it will furthermore record an impairment of cSEK2bn (mainly related to historical acquisitions) as well as settle its remaining contingent considerations related to the Daybreak acquisition. We mainly view the announcements positively as our forecasts for 2026E was already below the financial targets while the write-down and earn-out settlements will clean-up EG7’s balance sheet and result in improved transparency.
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