Redeye comments on Transtema's preliminary Q3 figures, showing a solid Sweden but a sharp decline in Norway, which also triggers a SEK193m write-down of the Norwegian business. Sales beat our forecast, while adjusted EBITA came in below it. Overall, there is no data in today’s news pointing against the expected rebound from Q4 and onwards. We will likely lower our forecasts for Norway, while the stronger sales in Sweden support our expectation of a turnaround from Q4.
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