Ahead of Leaddesk’s Q3 report we flag headline sales growth pointing south. However, this does not speak for the underlying development, which we expect to continue at similar or even accelerated growth vs. the H1 pace. Meanwhile, the profitability story should remain on track to gradually reach the targeted 20% (annual) level. Regulatory approvals of the Telia ACE transaction are pending and thus we do not provide a fair value range.
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