Studsvik reported a solid Q3, with sales above expectations and adjusted EBIT broadly in line, supported by improved profitability in Decommissioning. Separately, the company announced a partnership with ReNu Industries to adapt inDRUM for the Japanese market, with a Fukushima pilot targeted for FY2028. We view the agreement as supportive of inDRUM’s long-term international licensing potential, although the near-term earnings impact is limited.
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